Copenhagen Consensus Center Will Help Government Avoid Extra Spending

Company News of Friday, April 26, 2019

Source: Ghananewsagency.org

2019-04-26

Bjorn Lomborg, chairman of the Copenhagen Consensus Center, said on Thursday that the center was working with the Ghana government to avoid additional spending in order to develop policies for the future.

The center is a non-profit American think-tank that organizes the Copenhagen Consensus, an economists' conference held every four years, during which potential solutions to global problems are examined and prioritized at the conference. help with cost-benefit badysis.

He said the center was in Ghana to determine how to set priorities for Ghana and would seek an economist to determine where the government could spend an extra cedi and maximize benefits.

"Ghana's priorities will tell you where to spend extra resources and do the most good. We are working with the best Ghanaian economist and academic to determine what challenges they should be watching, "said Lomborg.

He said that in Haiti and Bangladesh, people were facing their most important problems, at the international and national levels, and that, thanks to this, the economist was able to determine the cause and the benefits of additional expenses.

He mentioned vaccination, a way to protect children from death and to achieve better economic performance, such as schooling, so that they know that education is an important priority.

He said the center was there to help economists find the smartest ways to develop policies for the future, so they would be better off than they were because they had chosen a smarter method.

"Ghana spends about 11 billion extra GHC each year on its budget, so why should it be?"

Mr. Samuel Kobin Anim, government statistician, said the country is already setting priorities and should also implement more informed quantification methods.