Tag: economist
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GSS’ data on 1.76m unemployed persons alarming – Economist
Economics lecturer at the University of Ghana, Professor William Baah-Boateng, says the data on persons unemployed in the country is alarming. Data from the Ghana Statistical Service indicated that about 1.76 million persons were unemployed by the third quarter of 2022. The report further indicated that two out of every 3 persons employed during the…
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Mid-Year Budget Review: Economist urges gov’t to reduce expenditure
Government had big plans for the 2020 fiscal year when it delivered this year’s budget in November 2019. The fiscal year was tagged the ‘Year of roads’, an indication of how heavy it was going to be on infrastructure, particularly roads. But the emergence of the COVID-19 pandemic from December 2019 through to now has…
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Financial sector clean-up: Printing money to pay depositors a bad idea – Prof. Quartey
Economist, Prof. Peter Quartey, has shot down the proposal for government to consider the printing of more money to settle claims of depositors of collapsed financial institutions. He believes printing more money will have serious implications on the country’s budget deficit which is the difference between government’s revenue and expenditure. His comments follows Renowned Economist,…
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Economists urge gov’t to tread cautiously on MoMo tax idea
Some economists are asking government to tread cautiously with the idea to tax Mobile Money transactions. Communications Minister, Ursula Owusu-Ekuful recently hinted at a possible introduction of a tax on MoMo transaction, but some economists say the idea ought to be analyzed carefully not to hurt financial inclusion. The total value of mobile money transactions…
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Economists laud govt’s ‘no Eurobond plan’ for 2017
Some economists have lauded the government’s commitment not to issue any Eurobond this year. They explain that the development should give room to deal with the country’s ballooning debts. The Vice President, Dr. Mahamudu Bawumia has refuted assertions that the recent non-deal road show embarked on by a team of government officials is likely to…