Dr. Victoria Nyarkoah Sam-Abaidoo, an economist and a lecturer at the University of Professional Studies, has called on H.E. Nana Addo Dankwa Akufo-Addo to institute policies that will increase the economic growth and eradicate social vices in his next administration.
In an interview with Awake News, on her expectation of the next NPP-Led government on economy, she said, “that fiscal discipline is maintained, that is Ghana should be within the 5% limit. This can be done by minimizing excessive government expenditure and ensuring effective domestic revenue mobilization. I hope that with the utilization of the Ghana card, the informal sector would be captured fully in the tax system”.
she elaborated that the government must work diligently for a perpetual single digit inflation, stating, “if inflation continues to be a single digit, it will boost investor confidence”.
However, admonishing the new administration on this, she remarked, that the exchange rate fluctuation must be minimized to enhance trade”.
In furtherance, Dr. Abaidoo urged the ruling government to create more jobs to reduce unemployment and wipe out social vices. “That more jobs (both formal and informal) are created. Employment should be targeted at the youth, this will eradicate social vices including arm robbery, prostitution, among others”.
Emphasizing on the sky rocking interest rate and the capacity to solving it, Dr. Victoria as an academia asserted, “that interest rates are reduced to encourage investment. This will boost private sector employment. To me, interest rates in Ghana are high because of poor addressing system. However, if all other cards are synchronized into the Ghana card, locating people wouldn’t be a problem”, she added.
To achieve all these bearing in mind the havoc COVID 19 pandemic has caused to the world economy at large, she reiterated “that the pathway to economic recovery from the COVID-19 pandemic is shortened. This can be done by instituting policies that will increase the economic growth at an increasing rate”. this, she said will accelerate a quicker rebound of the Ghanaian Economy.
Filed By : Agaatorne Douglas Asaaah / awakenewsroom.com
