Economist Dr Evans Nunoo has underscored the necessity for the federal government to put better emphasis on financial coverage as a key technique for reaching long-term financial stability.
He acknowledged that the federal government’s fiscal and financial insurance policies are central to sustaining low inflation and stabilising the financial system.
Dr Nunoo’s remarks comply with President Mahama’s 120-day social contract replace, throughout which the President highlighted his administration’s financial positive aspects.
Whereas acknowledging that some guarantees stay unfulfilled, Dr Nunoo described the general financial outlook as promising.
“To this point, so good. Should you have a look at all the symptoms, just like the inflation charge, the steadiness of the cedi, issues are trying constructive. If the federal government continues this manner, we are going to see sustained financial development,” he mentioned.
He additional famous that not all initiatives within the 120-day plan might be realised instantly.
“Some insurance policies will take time to materialise. Others may be applied rapidly, however one thing just like the 24-hour financial system, as an example, requires safety measures and an enabling atmosphere. You’ll be able to’t rush it, it needs to be correctly structured,” he emphasised.
Dr Nunoo additionally highlighted the function of the non-public sector in addressing unemployment, calling on the federal government to make sure its development.
“The federal government ought to discover a means to verify the non-public sector thrives, by creating jobs in order that unemployment may be solved,” he concluded.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
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