A presidential hopeful of the New Patriotic Party (NPP), Alan Kwadwo Kyeremanteng is proposing a national forum to address current challenges facing the economy.
Speaking to Citi News, Mr Kyeremanteng called for a national forum which will involve political parties, players in the private sector as well as civil society groups will be key in addressing the situation at hand.
According to him, the current economic challenges are an indication of a deeply rooted in structural problem in the economy which “requires a multi-stakeholder platform that will deal substantively with the economic agenda of Ghana and the difficulties that we are encountering.”
He stated that the fast depreciation of the cedi must be a worry to all Ghanaians hence; the matter should not be left to government and the Bank of Ghana to address.
Mr. Kyeremanteng maintained that a public forum is the way to go where discussions will go “beyond the commentaries on radio and the media generally but Ghanaians must have an impact in the solutions.”
The Bank of Ghana (BoG) has instituted new measures to check the free fall of the Ghana cedi and also to minimize the dollarization of the economy.
The new measures include the revision of rules governing the operations of Foreign Exchange Accounts (FEA) and Foreign Currency Accounts (FCA) which took effect from February 5, 2014.
Although the directive was met with mixed reactions and skepticism, government has given the assurance that the temporary fiscal measure is in no way meant to hurt businesses.
By: Efua Idan Osam/citifmonline.com/Ghana