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Africa wants $170b yearly to bridge infrastructure hole - Bawumia - Ghana Enterprise Information HouseFundingAfrica wants $170b yearly to bridge infrastructure hole – Bawumia Source link

Former President John Dramani Mahama has mentioned his administration stabilized the Ghanaian economic system with insurance policies and programmes on the time that President Nana Addo Dankwa Akufo-Addo was taking on from him in 2017. He mentioned Mr Akufo-Addo solely wanted to proceed from the place he left the economic system however has squandered all of the features. Talking on the Chatham Home on Friday, January 27, he mentioned “When President Akufo-Addo got here we had achieved financial stability....

The coverage to purchase oil merchandise with gold moderately than US greenback reserves is supposed to sort out dwindling international forex reserves coupled with the demand for {dollars} by oil importers, which weakens the Ghana cedi and will increase residing prices. Vice President Dr. Mahamudu Bawumia stated the federal government is projecting to avoid wasting about US$3 billion in international change yearly from the proposed coverage which seeks to amass oil merchandise in change for gold. He defined that...

Dr. John Kwakye   THE INSTITUTE of Financial Affairs (IEA) has insisted on the abolishment of the three-year moratorium reimbursement of the principal for the Home Debt Alternate Programme asking the federal government to undertake a brand new coupon of between 8 and 12 per cent over the brand new maturity interval. Director of Analysis on the IEA, Dr. John Kwakye, at a information convention on Tuesday, stated there was the necessity for presidency to undertake a brand new...