President of the Association of Ghana Industries (AGI), has highlighted the need for urgent structural reforms to address the persistent challenges hindering Ghana's economic growth.Speaking on Business Focus on TV3, Dr.
Humphrey Ayim Darke, emphasised that despite recent efforts to reduce the policy rate, interest rates remain stubbornly high, limiting the impact of monetary policy on loan costs.
He attributed this to deep-rooted structural issues that have plagued the Ghanaian economy for over three decades."One will say that there are still structural difficulties that are inherent in the Ghanaian economy over the last three plus decades.
Such structural reforms have not been effectively dealt with and these are part of the policy propositions we seek to see in the incoming manifestos and elections'', he said.The AGI President called for a comprehensive approach to structural reforms, urging political parties to prioritise these issues in their manifestos for the upcoming elections.