GHANA’S SPENDING DILEMMA: “Luxury for leaders, struggles for citizens” — Policy Analyst demands accountability

Amid Ghana’s economic challenges, concerns continue to mount over excessive spending on government officials while the ordinary citizen struggles with basic needs.

According to Policy Analyst, Roselyn Mawufemor Fiagbe, the gap between the privileged few in leadership and the larger population enduring economic hardship highlights the need for fiscal discipline and equitable resource distribution.

Madam Fiagbe notes that while senior government officials enjoy undisclosed perks and privileges, many Ghanaians, including school children, face difficult living conditions.

“Some students walk long distances to school, while others in Senior High Schools are forced to manage with inadequate meals due to budgetary constraints. Meanwhile, public funds are used to sustain a life of luxury for a selected group,” she observed.

She stressed that governance must prioritize the well-being of all citizens rather than catering for a privileged few.

“The goal of leadership should be national development, not the comfort of a small elite. Responsible spending and transparency in government expenditures are crucial in addressing the inequalities that exist in our society.”

Roselyn Fiagbe cited international examples where responsible financial policies have ensured fairer resource distribution and national development.

She pointed to Norway, where despite vast oil wealth, the government ensures financial sustainability through its Government Pension Fund Global (Oil Fund), securing long-term stability rather than indulging in reckless spending.

Instead of extravagant government perks, Norway prioritizes free education and healthcare to benefit all citizens.

In Rwanda, stringent measures have been taken to cut wasteful spending, redirecting funds into education, healthcare, and social services.

“This contrasts sharply with Ghana, where government perks remain shrouded in secrecy while key sectors suffer from underfunding,” she said.

She also highlighted Singapore, a country renowned for efficient governance, where government salaries are linked to performance and economic outcomes.

“This discourages unnecessary spending, unlike Ghana, where some officials enjoy benefits that are neither transparent nor merit-based.”

Furthermore, Madam Fiagbe referenced New Zealand, a nation that ensures transparency in public expenditures, allowing citizens to track how national resources are allocated.

“If Ghana adopted a similar approach, it would curb excessive spending on government officials and redirect resources to essential public services,” she suggested.

Roselyn Mawufemor Fiagbe stressed that a nation’s budget should reflect its priorities.

She called for a transparent and fair approach to resource allocation, ensuring that all citizens benefit equitably from Ghana’s wealth.

“Our leaders must set an example by curbing unnecessary expenditures and prioritizing investments in education, healthcare, and innovative ideas that will drive national progress,” she emphasized.

She urged the government to implement strong financial management systems that promote accountability and fiscal discipline.

“Ghana’s future depends on how wisely we manage our resources. It is time for leaders to demonstrate a commitment to the people by embracing responsible spending and prioritizing policies that uplift the entire nation,” she concluded.

With growing concerns over economic hardship and disparities in resource allocation, calls for financial responsibility in governance continue to resonate.

As Madam Fiagbe advocates, adopting transparency, cutting wasteful spending, and investing in critical sectors will not only bridge the inequality gap but also set Ghana on a path toward sustainable development.

The call comes following the recent controversy surrounding the former Managing Director (MD) of SIC Insurance Company Limited, Ms. Hollistar Duah-Yentumi, which brought to light significant concerns regarding the compensation packages of high-ranking officials in Ghana.

The Former SIC Boss was reportedly receiving an annual salary of GH₵840,000, which equates to a monthly income of approximately GH₵70,000.

In addition to this substantial salary, her role included a range of significant benefits:

Accommodation: A fully furnished residence.

Transportation: A company vehicle with a driver.

Medical Coverage: Comprehensive healthcare for herself and her family.

Annual Leave: 30 days of paid vacation.

This revelation sparked public outrage, especially considering the country’s ongoing economic challenges.

Story by: Joshua Kwabena Smith