Find more innovative ways to raise capital – NDPC to government
Ghana has been urged to look for innovative funding sources in order to raise the needed capital to execute the country’s developmental programmes.
According to Chairman of the Economic Policy Committee of the National Development Planning Commission (NDPC), Dr. Nii Kwaku Sowa, it is critical for the country to look at the factors inhibiting the progress of Ghana’s development plan to enable the country gain access to all available funding sources.
“I think this is an opportune time for Ghanaians to engage in meaningful discussions about how to finance the country’s development process over the next couple of decades,” he said at the 3rd National Development Forum held in Accra under the theme “Innovative Financing for Ghana @ 100 Development Agenda.”
According to Dr. Sowa, authorities need to look at possible ways of generating revenue by finding innovative ways of utilizing expenditure in a more efficient manner, ensure value for money and totally eliminate wastage of resources.
“There is a need to enhance both tax and non-tax revenue, make expenditure more efficient, claim value for money and eliminate waste of resources,” he remarked