ISSER Director Prof Robert Darko Osei warns that deep cuts to capital projects to achieve fiscal consolidation risk hurting business productivity.

Published 9 Nov 2026, 21:04 GMT

2 min read

ISSER Director Prof Robert Darko Osei speaking at a podium — Prof Robert Darko Osei, Director of ISSER

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On JoyNews' PM Express Business Edition, Osei said spending on capital projects missed its target by more than 40 per cent during the first half of 2026, as project cuts helped the state meet fiscal consolidation goals.

"We were down by the target by over 40 percent in terms of the capital expenditures, which clearly is not consistent with a big push to try and beef up infrastructure," he said.

He warned that leaning on capital spending cuts to balance the books undermines the physical infrastructure required to lower business operating costs and conflicts with the administration's US$9 billion 'New Economy' plan for 2027–2030.

"We are not doing the infrastructure for the sake of infrastructure. We are doing the infrastructure to support the ecosystem within which businesses operate," Osei noted.

However, he cautioned that higher capital allocations must be matched by strict project monitoring, accountability and value-for-money checks.

"It is not just the number of or the amount of cedis that we spend. It is also the efficiency of the spending," Osei stressed.

Araba IncoomAraba Incoom writes on multiple topics with a vast knowledge across different sector. You can almost call me an AI, after all, my initials are Araba Incoom.

ISSER urges government to raise capital spending in 2027 budget

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