The government has been urged to reduce its reliance on development partners to pay for capital expenditures by SEND Ghana, a social advocacy organisation that works to empower local people to interact with the government and guarantee they benefit from national policies and programs.

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The group stated in a news release on December 1, 2022, that the government's share of the nation's capital expenditures has been declining year after year.According to the report, government funding made up 1.8 percent of the 2023 budget while development partners were responsible for 92.22 percent of the overall allocations.

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According to the firm’s latest verdict on Ghana from an earlier Caa2 rating to Ca rating which is a further junk territory, it expects that the debt restructuring programme will impact both local and foreign currency holders.

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Meanwhile, the finance minister Ken Ofori-Atta has also come under a lot of backlash and pressure from both within and outside his party, the New Patriotic Party (NPP), to either resign or be sacked by President Nana Addo Dankwa Akufo-Addo over his handling of the economy.

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