
Audio By Carbonatix
Economist, Dr. Joe Abbey says Ghana must begin to focus more on becoming a trading nation if it is to compete favourably with other Asian economies.He was speaking at the launch of the mid-term review of the state of Ghana’s economy by the Centre for Policy Analysis.According to Dr. Abbey who is CEPA’s Executive Director, Ghana’s manufacturing sector stands to lose out if it continues to flop.He argued that “Ghana’s economy is too small to be a basis for propelling us [to higher growth], we must trade, we must have larger markets than the Ghanaian economy can provide. But to have larger markets, you must raise your productivity and competitiveness.”The presentation painted a gloomy picture about the performance of the economy.Amongst some of the issues that was of concern is government’s spending in relation to its revenue.Dr. Joe Abbey told Joy Business government, it appears may end the year with a much bigger deficit than last year.Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Netherlands Fire Chief in Ghana to support fire safety reforms and market fire prevention efforts
4 hours -
Mason goes on remand for stealing
4 hours -
Gov’t cuts fuel taxes, deploys buses to curb impact of rising fuel prices
4 hours -
Interior Minister calls for intelligence-driven strategy as Ghana strengthens counter-terrorism efforts
4 hours -
Adenta Circuit Court remands Pastor William Gyimah over viral threats against Vice President
5 hours -
“We’ve implemented changes to prevent a repeat of the AFCON final” – CAF President Motsepe
5 hours -
Gov’t orders deployment of Metro Mass buses to cushion commuters amid fuel price hike
6 hours -
Key Indian state polls begin in test for Modi’s party
6 hours -
Playback: Gomoa Easter Carnival in photos
6 hours -
Gov’t orders removal of fuel taxes to ease pump price hikes
6 hours -
“Whatever the decision of CAS, we will respect it” – CAF President Motsepe after AFCON final meetings in Morocco
7 hours -
Emma Ankrah: When waiting becomes part of treatment – Reflections on hospital care
7 hours -
Ghana urges travellers to prepare for new EU border system roll-out
7 hours -
Mahama enforces fuel coupon ban for ministers as cabinet moves to slash fuel taxes
7 hours -
Task force probes strange fish deaths in Tema
7 hours