Accra: The Deputy Ranking Member on Parliament's Finance Committee and Member of Parliament for Tano North, Dr Gideon Boako, has voiced concerns over Ghana's economic health, pointing out that the government's borrowing to finance recurrent expenditures such as public sector salaries and free senior high school programs signals an underlying issue with the nation's fiscal policies.
According to Ghana Web, Dr Boako expressed his views during an interview on Peace FM on Monday, July 27, 2026, following the 2026 Mid-Year Budget Review. He criticized the government's actions as inconsistent with its claims of economic recovery, highlighting the dissonance between official statements and economic realities.
Dr Boako emphasized that a well-performing economy should not need to borrow to pay salaries and fund programs like Free SHS, as is currently observed. He argued that the government's dependency on borrowing to meet basic obligations raises significant concerns about the sustainability of public finances, despite official assurances of macroeconomic improvement.
He further stressed that a robust economy should be able to generate enough domestic revenue to fund essential government programs without resorting to borrowing for routine expenditures. Dr Boako's comments underline a discrepancy between the government's projected confidence in the economy and the fiscal decisions it is making, which he suggests reveal deeper fiscal vulnerabilities.