Government plans to raise a capital of US$2 billion which will be pumped into the Ghanaian economy to sustain it and deal with the depreciation of the cedi as well as persistent fuel price hikes.
The said the decision came after government held a crunch Cabinet retreat over the weekend at the Peduase Lodge.
Government earlier said the key agenda for the Cabinet retreat was to find pragmatic measures to deal with the escalating fuel price hikes, passage of the Electronic Transaction Levy, depreciation of the cedi and general economic challenges.
Mr Geoffrey Ocansey, a Tax Analyst speaking to plan B Fm on Ebanoosen hosted by Bohyeba Afryie disclosed his view of the said plans of the Government to raise an amount to help stabilize the Economy.
He said that the money will only be of use to Ghanaians if it’s properly disbursed and worked with He said that if the same old style of management is used then the Government despite any amount he raise will still fail.
He added that the money is needed but the main thing that will help stabilize the economy is reduction of the prices of fuel so the Government should rather invest in reducing the prices of fuel because it affects prices of all other goods.
He concluded that the Economy as at now is wobbling and it’s very disheartening but he has faith in the Government to review it style of management and come back with the best.
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