Amidst the growing depreciation of the cedi and the recent increments in fuel prices, government is expected to hold a crunch cabinet meeting to find solutions to the raging economic challenges.
The meeting is expected to take place at the Peduase Lodge, from Thursday, March 17, to Sunday, March 20, 2022.
The deliberations will be chaired by President Akufo-Addo, together with all NPP MPs, ministers, government appointees, and the governing New Patriotic Party (NPP) leadership.
According to sources, the meeting will discuss whether government should continue to push through with the E-levy Bill or resort to the International Monetary Fund (IMF), in the face of the current fiscal hurdles.
Confirming the retreat , the source further said the meeting will discuss other pertinent issues relating to the country’s development.
In a tweet on Thursday, a leading member of the ruling New Patriotic Party, Gabby Otchere-Darko also indicated that given the current deadlock on the controversial E-Levy Bill, there’s the need for a ‘national debate’ on the way forward.
“2022 began without the usual $3 billion injections of Eurobond cash. Govt’s post-COVID recovery GhanaCARES programme hinged partly on an E-levy which Parliament may not even OK.
“There should be a national debate: do we want IMF or E-Levy or both or none? Tough decisions confront Ghana”, he tweeted.
Meanwhile, an Economist and former Board Chairman of the Ghana Revenue Authority (GRA), Professor Stephen Adei has refuted claims that Ghana’s economy is on the verge of collapse.
Speaking in an interview, he said the economy is not collapsing but “we are in difficult times.”
According to him, the country’s economy is stronger “than the word broke.”
His comment comes after an economist with the University of Ghana Business School (UGBS), Prof. Godfred Alufar Bokpin, warned of possible collapse of Ghana’s economy.
myjoyonline.com
