Members of the Micro Credit Association of Ghana are calling on the Finance Minister, Ken Ofori Atta to introduce policies aimed at controlling inflation and stabilizing the cedi in the upcoming budget presentation.
The economy has been hard hit with the effects of the depreciating cedi and the rise in inflation which is currently at 37.2%.
According to the business community and various associations they are unable to plan their operations and are currently making little to no profit .
In an interview with Citi Business News, Executive Director of Ghana Micro Finance Institutions Network, Yaw Gyamfi said the Finance Minister must increase his efforts in saving the economy.
” I think my expectation is that there should be more conducive environment in terms of our inflation rate and deteriorating cedi, we want it to stabilize so that the little trade and our businesses can go on well”.