Borrowing

Borrowing Will Become A Thing Of The Past If Ghanaians Are Disciplined- Economic Analyst Advises

Borrowing Will Become A Thing Of The Past If Ghanaians Are Disciplined- Economic Analyst Advises

Economic and fiscal policy analyst, Julius Gyimah, has advised that if Ghanaians are disciplined, borrowing of funds by government will become a thing of the past. He noted that the country must ensure that all boxes that bring profit to the country is ticked. "Ghana's inflation at the beginning of the year stood at 53.6%...and we know the Bank of Ghana controls our liquidity, so they always need to ensure that there's supply of money in the market. However, when there's essence of money in the marker, it amounts to inflation which goes against the economy", he said. He explained…
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No Government Can Run The Country Without Borrowing – 1st Deputy Speaker

No Government Can Run The Country Without Borrowing – 1st Deputy Speaker

The Member of Parliament for Bekwai who doubles as the 1st. Deputy Speaker of Parliament Joseph Osei Wusu, has stated that successive governments of Ghana resorted to borrowing to run the affairs of the country since taxes collected and money realize from our resources is woefully inadequate. In an exclusive interview with Kwaku Dawuro on Movement in the morning show on Wontumi Radio and Movement TV, Hon. Osei Wusu stated that 50% of all infrastructural development in Ghana was financed through loans. “On the current economic crisis, the country is going through, the Nana Akufo – Addo government has not…
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