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Tag: Kwesi Pratt

  • Ghana is broke; it Will be Madness to Employ People into the Public Sector- Kwesi Pratt Tells

    Ghana is broke; it Will be Madness to Employ People into the Public Sector- Kwesi Pratt Tells

    Managing Director of The Insight newspaper, Kwesi Pratt Junior, has said that putting more people on the public payroll will be tantamount to madness.

    According to him, Ghana is broke, and the public sector is choked.

    He also said the state is spending 60% of the total national revenue on public sector emoluments and it is spending more than 60% of its resources on debt servicing so it will be impossible for the government to employ more people into the public sector.

    His comments follow comments by Finance Minister, Ken Ofori-Atta that have been criticised by a section of the public.The Minister recently told some graduating students that the state cannot employ new workers since its payroll is full so they must venture more into entrepreneurship.

    Kwasi Pratt Junior said he believes the Minister of Finance spoke the truth concerning the state of the country’s economy.“What I find funny is that we are faced with this situation but public speakers and people who speak for government are still talking about the fact that the economy is improving,“ the Managing Director of The Insight newspaper said.

    Kwesi Pratt claims the economy is not improving, describing it as stagnating and not capable of resolving the unemployment problem the country is facing.“We have come to a conjecture where if we don’t borrow, we can’t pay public sector workers and that is the truth about the state of the economy and I’m gladdened by the fact that the Minister of Finance is starting to tell us the truth of the state of the national economy,” he said.He made the comments when on Good Morning Ghana on Wednesday, October 20, 2021.