Audio By Carbonatix
The Rector of West End University, Prof. Kodwo Ewusi has predicted a trade surplus for the country by the end of 2011.
In a keynote address on the problems of middle income status of a nation, Prof. Ewusi said, “Ghana for the first time in 20 years will record a trade surplus”.
He was speaking at the 1st Annual Economics Conference at the Kwame Nkrumah University of Science and Technology on the theme:
Expectations for Ghana as a middle income economy.
The former director of the Institute of Statistical, Social and Economic Research (ISSER) noted that most sectors are contributing positively to the economy.
He cited the Cocoa Marketing Board’s announcement that cocoa production this year will hit a target of 1 million tonnes.
According to the economist, gold production is also increasing at a fast pace and he believes increase in income has resulted in the rise of activities in the financial and insurance sectors.
The Professor opines that the impact of oil production will be felt strongly in the export sector. This he believes in combination with the increase in other sectors will propel the country to record a trade surplus by the end of the year.
David Apinga, Focus FM, KNUST, Kumasi.
awintida@scientist.com
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
-
2026 U-20 WWC: ‘Not all wishes come true’ – Gyan inspires Black Princesses after elimination
2 minutes -
‘I am not a magician’ – Zdravko Logarušić on Nations FC exit from Africa
15 minutes -
Three nights. 28 titles. Ultimate history made
26 minutes -
Ghanaian delegates at IYF 2026 could become bridges for stronger Russia ties – John Aggrey
30 minutes -
Nigeria: Over 30 dead, 50 hospitalised after consuming alcoholic substance in Ondo State
32 minutes -
UK lawmakers demand new law to address AI threat to human rights
42 minutes -
WAFU B U-17 Girls Cup: Black Maidens depart Accra for tournament in Yamoussokro
42 minutes -
Sweden’s center-left bloc narrowly ahead as election remains too close to call
52 minutes -
GPL 2026/27: ‘We won ugly’ – Kotoko head coach unimpressed after Lions victory
55 minutes -
7 out of 10 human trafficking cases in Ghana never reach prosecution — JoyNews Research
1 hour -
Music, football to converge at Music Meets Football Summit 2026 in Lusaka
1 hour -
Putin invites young global leaders to partner with Russia in shaping future world order
1 hour -
Putin calls for ‘just world’, says every nation must be free to choose its own path
1 hour -
IFY 2026 food festival to serve 20,000 meals showcasing global cuisines in Russia
2 hours -
Ghana has a Domestic Violence Act: But can a victim afford to use it?
2 hours