Tag: Dr. Adu Owusu Sarkodie
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Economist calls for a review of the PFJ to help curb inflation
As the rise in food prices coupled with a rise in transport-related prices continues to push national inflation up, calls are being made for a relook at some key government policies. According to some stakeholders, the high inflation rate of some local food items cannot be accepted when we have agriculture-focused programs like planting for…
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14.5% policy rate will slow down inflation, decelerate growth of economy – Economist
Economist with the University of Ghana, Dr. Adu Owusu Sarkodie says raising the policy rate by the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) to 14.5% in November 2021, will help slow down inflation but is also likely to affect the economy’s growth rate as well. The rate had been maintained at…
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Economist urges gov’t to target telcos profit, others to raise needed revenue
As Parliament prepares to begin debating the 2022 Budget Statement on Tuesday, November 23, 2021, a senior lecturer in the Department of Economics at the University of Ghana, Dr. Adu Owusu Sarkodie has called for a more holistic approach to revenue mobilization next year. The Minister for Finance, Ken Ofori-Atta on Wednesday, November 17, 2021,…
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Renegotiate old contracts in extractive sector – Economist urges government
Economist and lecturer at the University of Ghana, Dr. Adu Owusu Sarkodie has urged the government to consider renegotiating old contracts in the extractive sector which do not offer the country value for money. He also wants government to become an active participant in the production process in the extractive sector. Data from the Institute…
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Unresolved power crisis will set Ghana’s economy back by 3 to 5 years – Economist
Economist Dr. Adu Owusu Sarkodie says it will take Ghana 3 to 5 years to recover if authorities allow recent power outages to worsen amid the COVID-19 pandemic. Provisional figures released by the Ghana Statistical Service show that the impact of COVID-19 on the Ghanaian economy was worse than anticipated, as the economy grew by…
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Government must increase agric sector investment to improve economy – Dr Sarkodie
Economist Dr Adu Sarkodie says the impact of COVID-19 on the economy is a clear indicator that the government has to give more attention to growing the agriculture sector. While many industries last year shrank amid the pandemic, the Agric sector recorded significant growth. This, Dr Sarkodie believes suggests that more attention ought to be…
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Advanced budget a step in the right direction – Economist
An Economist, Dr. Adu Owusu Sarkodie, says the Finance Minister, Ken Ofori-Atta’s plans for the first quarter of 2021 is a step in the right direction. Reacting after the budget presentation on Wednesday, October 28th, 2020, he said, “In a nutshell, he [Ofori-Atta] has indicated exactly what my expectations were. Clearly, whatever has been presented…
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Economist urges BoG to extend COVID-19 measures to help businesses
Economist, Adu Owusu Sakodie, has suggested that the Bank of Ghana extends its interventions introduced three months ago to support businesses in the wake of the coronavirus pandemic. The central bank reduced its policy rate which triggered a drop in interest rate among commercial banks to cushion businesses. In March this year, the Monetary Policy…
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Any additional borrowing to finance expenditure risky for economy – Adu Sarkodie
An Economist, Dr. Adu Owusu Sarkodie, says the Finance Minister, Ken Ofori-Atta should be able to outline the progress made so far with the allocation of support under the government’s Coronavirus Alleviation Programme when he presents the Mid-year budget review to Parliament later this month. Dr. Sarkodie says limiting budgetary allocation is critical, since an…
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COVID-19 impact: Control borrowing options to bridge revenue gap – Economist to gov’t
Economist, Dr. Adu Owusu Sarkodie, has advised government to be measured in its borrowing in a bid to mitigate the likely impact of the coronavirus on Ghana’s economy. The Finance Minister, Ken Ofori-Atta, has indicated that government will resort to various measures such as the use of money from the stabilization fund as well as…