Ghanaian economist and analyst Prince Obiri Yeboah has averred that political party manifestos have not resolved the challenges the country is facing.

He noted that the challenges confronting Ghanaians require a multiplicity of solutions if Ghanaians want to maintain a stable economy and develop beyond the country's current situation.

He said that when one examines the manifestos of the governing New Patriotic Party (NPP) and the opposition National Democratic Congress (NDC), they don’t address the challenges confronting the country.

Ghana, he remarked, has fundamental problems that require bold solutions to be resolved.

He cited reckless borrowing, economic instability, corruption, and mismanagement of state resources, among others.

Without resolving these issues, he warned, the country will continue to witness these challenges.

"If we want our challenges resolved so we have a stable economy, then we require a multiplicity of factors. So I have maintained in a number of media engagements that when you examine the manifestos of the two leading political parties (NDC and NPP), from where I sit, it doesn’t seem to address the challenges of this country because we have fundamental problems. We are talking about borrowing without prudent spending and economic instability; today the Public Accounts Committee is organising hearings. Go and listen to how we are wasting and mismanaging state resources. These are the basic things that we need to address to unplug the loopholes before we can make any progress," he said.

He made the remarks in an interview on Frontline on Rainbow Radio (87.5 FM) with host Kwabena Agyapong.

He was concerned about the quality of work done in the road sector and other projects because the funding for these projects was obtained through loans.

He stated that "we obtain loans, invest them in substandard projects, and then seek other loans to rehabilitate these same enterprises. We cannot make progress unless we address this level of financial mismanagement and reckless behaviour."