{"id":766,"date":"2014-02-18T14:04:00","date_gmt":"2014-02-18T14:04:00","guid":{"rendered":"http:\/\/citi.hatuasolutions.com\/?p=766"},"modified":"2014-02-18T14:04:00","modified_gmt":"2014-02-18T14:04:00","slug":"citi-fms-roundtable-dr-amoah-proposes-1-billion-development-fund","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/02\/citi-fms-roundtable-dr-amoah-proposes-1-billion-development-fund\/","title":{"rendered":"Kofi Amoah proposes $1 billion dev&#8217;t fund"},"content":{"rendered":"<figure id=\"attachment_798\" aria-describedby=\"caption-attachment-798\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"http:\/\/citi.hatuasolutions.com\/wp-content\/uploads\/2014\/02\/Dr-Kofi-Amoah.jpg\"><img loading=\"lazy\" class=\"size-medium wp-image-798\" alt=\"Dr Kofi Amoah\" src=\"http:\/\/citi.hatuasolutions.com\/wp-content\/uploads\/2014\/02\/Dr-Kofi-Amoah-300x200.jpg\" width=\"300\" height=\"200\" \/><\/a><figcaption id=\"caption-attachment-798\" class=\"wp-caption-text\">Dr Kofi Amoah<\/figcaption><\/figure>\n<p>Economists and financial analysts have proposed new economic models for Ghana to end the current hardships being experienced by Ghanaians as well as preventing a recurrence.<\/p>\n<p>This follows recurring depreciation of the cedi and its effect on an import driven economy like Ghana, vis-\u00e0-vis the huge budget deficit.<\/p>\n<p>Economist and Business man, Dr. Kofi Amoah at <strong>Citi FM\u2019s<\/strong> roundtable discussion on Tuesday proposed a three-prong approach to solve some of the key problems.<\/p>\n<p>According to him Agriculture, Manufacturing Industry and Finance are the key sectors that can turn the nation\u2019s economy into a robust one.<\/p>\n<p>Dr Amoah proposed a 1 billion dollar development fund to back his 3-pronged approach. Specifically on agriculture, he suggested a regional development approach.<\/p>\n<p>\u201cI am calling for a one billion dollar development fund to back this three-legged sensible, doable strategy of development; to energize our rural areas and do it from the regional approach, not to sit the money here in Accra.\u2019\u2019<\/p>\n<p>\u201c\u2026if we are to even divide the money equally, forgetting about population density every region will get 100 million dollars to support these activities that I am talking about,\u2019\u2019 he added.<\/p>\n<p>He also argued that an import substitution industrialization will push Ghana to massive development.<\/p>\n<p>Economist Kwame Pianim on his part challenged government to create customized economic policy for country, that will suit the people and the country.<\/p>\n<p>\u201cWe need to move forward but we have to cut our coat according to our cloth\u2026\u2019\u2019<\/p>\n<p>Mr. Pianim also argued for a stable macroeconomic environment and challenged the private investor to stand up for their interest and lead in the development of the economy.<\/p>\n<p>\u201cOur private sector is meek, they don\u2019t stand for themselves; I am sure that the Bank of Ghana policies are unconstitutional, they are illegal. You cannot change the contract between me and my bank, has anybody opened their mouths,\u2019\u2019 he quizzed.<\/p>\n<p>According to Mr Pianim because the private businesses overly depend on the state, nobody can challenge the government.<\/p>\n<p>The<strong> Citi FM<\/strong> roundtable discussion was under the theme, &#8221;A New Economic Paradigm for Ghana&#8221;.<\/p>\n<p>&nbsp;<\/p>\n<p>By: Evans Effah\/citifmonline.com\/Ghana<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economists and financial analysts have proposed new economic models for Ghana to end the current hardships being experienced by Ghanaians as well as preventing a recurrence. This follows recurring depreciation of the cedi and its effect on an import driven economy like Ghana, vis-\u00e0-vis the huge budget deficit. Economist and Business man, Dr. Kofi Amoah [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[38,21,4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kofi Amoah proposes $1 billion dev&#039;t fund - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2014\/02\/citi-fms-roundtable-dr-amoah-proposes-1-billion-development-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kofi Amoah proposes $1 billion dev&#039;t fund - Citi 97.3 FM - Relevant Radio. 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