Institute of Economic Affairs

19 Apr

Economic Instability: We Have Been Indisciplined; We Don’t Learn From Our Mistakes – IEA To Government

wontumionlineBusinessDr. John Kwakye, Fiscal deficit, Inflation, Institute of Economic Affairs

The Institute of Economic Affairs has expressed worry about the repetition of past mistakes by governments which has made the Ghanaian economy unstable over the years. According to the economic think tank, the indiscipline in managing the country’s finances has caused the high fiscal deficits and consequently high inflation and currency instability, forcing innocent Ghanaians and businesses to pay for the mismanagement. In a paper on “Institutionalising Fiscal Discipline and Macroeconomic Stability for Sustained Growth in Ghana: The Constitutional Pathway”, Lead Researcher, Dr. John Kwakye said Ghana has a long history of fiscal indiscipline and this is evident in its…

25 Nov

IEA Boss Shares Views On Landmark ‘Gold For Imported Oil’ New Gov’t Policy

wontumionlineBusinessInstitute of Economic Affairs

The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has shared his views on the gold for imported oil new policy by the government. The Vice President Dr Mahamudu Bawumia, has revealed a remarkable new policy by government that would see the government pay for imported oil products with gold rather than through US Dollars. Revealing the policy in a post on his Facebook page on Thursday, Vice President Bawumia said the policy is expected to take effect by the end of the first quarter of 2023. He said in a Facebook post that “The Use…