There is an urgent need to reconstitute the Economic Management Team (EMT), Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said.
He said a new team of experts and professionals should be assembled to manage the economy in view of the difficulties facing the country.
Dr Kwakye tweeted “Reconstituting the Economic Management Team and bringing in experts/professionals will be one of the needed confidence-building measures.”
Reconstituting the Economic Management Team and bringing in experts/professionals will be one of the needed confidence-building measures.
— J. K. Kwakye (@JohnKwabenaKwa1) October 28, 2022
Meanwhile the Cabinet has been commenced a meeting on Thursday October 27 to find solutions to the challenges.
The President is expected to address the nation on the economy on Sunday October 30.
Mr Akufo-Addo said he is fully aware of the difficult times Ghanaians are going through presently.
Mr Akufo-Addo admitted that times are hard.
The local currency is not doing well against the Dollar, prices of goods and service including sachet water are rising.
He further indicated that he needs the support of all to deal with these issues.
“I have seen the difficulties that our currency has been having. I have seen the difficulties and dramatic rise of price levels, significant rise in the cost of living and difficulties generally, in the manner the economy is rising”, he told journalists at the Jubilee House, on Thursday October 27.
He added “We have to understand that, all sectors and actors of the economy either on the side of management, labour and workers have to find a way of balancing the various considerations so that we can all progress and continue hopefully in building a stronger economy.”
By Laud Nartey|3news.com|Ghana