Thursday, February 9, 2023
Rainbow Radio
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
No Result
View All Result
Rainbow Radio Online
Home Economy

Govt announced measures will rather worsen the plight of Ghanaians, increase the cost of living-Economist

March 25, 2022

International Economist, international relations expert, sociologist, and lecturer Dr. Julius Kattah has predicted the worst economic hardship to be experienced by Ghanaians despite the measures announced by Finance Minister Ken Ofori-Atta on Thursday.

The economist says the measures announced by the Minister were not sound and will not address the current economic challenges we are faced with.

RelatedPosts

NDC Suame Youth Organizer detained after turning himself in to the Police

Bawku Conflict: GAF will treat those involved as pure criminals – Defence Minister

Speaking on Nyankonton Mu Nsem on Rainbow Radio 87.5Fm, he said Ghanaians must tighten their belts and prepare for more hardship.

He said “Ghanaians are going to experience an increase in the cost of living. We have to tighten our belts because the government did not present any sound economic policies to address the challenges we are facing today.”

The Finance Minister among other things placed a moratorium on the importation of vehicles, foreign travels except for statutory travels.

He also announced 50% cuts in fuel coupons for all political appointees, a 50% cut in the cost for conferences, meetings by all government institutions among others.

But Dr. Kattah says “the measures announced are not solid economic measures that will help us address our economic woes. Ghana is facing a serious crisis and the measures will not resolve the crisis”.

He wondered why the government failed to place a moratorium on new loans adding, the loans we have contracted are a lot and creating serious challenges for us. Experts have advised the government to cut down on new loans and reframe our old loans.

He accused the government of massaging figures and deceiving investors.

He stressed “the new measures will increase the cost of living. It will raise the standard of living so high. Ghanaians would have to tighten their belts”.

He wants the government to extend its solutions by inviting external experts to help it resolve the economic crisis.

He further asked the Finance Minister to project the realities regarding the state of the economy and Ghana’s finances and stop massaging the figures.

By: Rashid Obodai Provencal Rainbowradioonline.com/Ghana

ShareTweetShareShare

Related Posts

February 9, 2023
FB_IMG_1675330649813

NDC Suame Youth Organizer detained after turning himself in to the Police

February 8, 2023
do do

Bawku Conflict: GAF will treat those involved as pure criminals – Defence Minister

February 8, 2023
bpp

14 suspects arrested in connection with disturbances at NPP’s constituency elections at Enchi

February 8, 2023
court_14

Ablakwa and Kusi Boateng: Your dispecable attempt to gag MPs would not be tolerated – Minority to Judiciary

February 8, 2023
murder

Mother and son found dead in their room in a decomposing state

February 8, 2023

Recent News

February 9, 2023
FB_IMG_1675330649813

NDC Suame Youth Organizer detained after turning himself in to the Police

February 8, 2023
do do

Bawku Conflict: GAF will treat those involved as pure criminals – Defence Minister

February 8, 2023
bpp

14 suspects arrested in connection with disturbances at NPP’s constituency elections at Enchi

February 8, 2023
  • Trending
  • Comments
  • Latest
qz

The appreciation of the cedi against the dollar will be short-lived so don’t over jubilate – Haruna to gov’t

December 17, 2022
z455

Bui Power Authority calls for partnership to do more on climate change program at COP27

November 22, 2022

Rainbow Radio expands its platform presence on 92.4Fm in UK

September 5, 2022
zz

Family of Asuma Banda calls on Prez, Mahama, Chief Imam to intervene so their brother is sent to Kintampo

December 7, 2022

Hello world!

travel4

Washington prepares for Donald Trump’s big moment

travel1

CS:GO ELeague Major pools and tournament schedule announced

February 9, 2023
FB_IMG_1675330649813

NDC Suame Youth Organizer detained after turning himself in to the Police

February 8, 2023
do do

Bawku Conflict: GAF will treat those involved as pure criminals – Defence Minister

February 8, 2023
bpp

14 suspects arrested in connection with disturbances at NPP’s constituency elections at Enchi

February 8, 2023

Stay Connected test

  • 121 Followers
  • 20.2k Followers
  • 185k Subscribers
  • 23.7k Followers
  • 99 Subscribers
Rainbow Radio Online

© 2022 Rainbow Radio International

Navigate Site

  • General News
  • World
  • Sports
  • Business
  • Entertainment
  • Politics
  • Health
  • Opinion
  • Economy
  • Odd News
  • Culture
  • Lifestyle
  • Lifestyle
  • Governance
  • Technology

Follow Us

No Result
View All Result

© 2022 Rainbow Radio International

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version