Dean, School of Graduate Studies, University of Professional Studies Accra, Prof. Samuel Antwi, says there are certain indicators that show progress and stability in the economy, and government’s implementation of policies like increase in tax rates and import duties is derailing the stability of the economy.
Speaking on GBC’s Current Affairs Programme Talking Point, Prof. Antwi called on the government to review its fiscal policy measures on interest rates and expenditures to help further stabilise the economy.
He also urged Ghanaians to endure the hardships for a while and support the government’s efforts to ensure improvement.
An Economist, Dr. Patrick Asuming said contrary to public expectations, the IMF bailout will not bring financial freedom to the economy but only some form of stability.
He noted that the government has begun making the economy resilient by diversifying the export base and reducing its dependency on foreign goods.
Dr. Assuming advises the government to spend efficiently by investing in businesses to increase productivity.
