Agricultural Economist and Economic Policy Expert, Peter Boamah Otokunor, has called for a shift in economic policies to prioritize sectors that directly impact the lives of Ghanaians, particularly agriculture.
Speaking on TV3's Keypoints, he challenged the government's narrative that a 6.3% GDP growth rate is a true reflection of economic progress. "When you want to design your economic policy to respond to the needs of the people, you look at where it matters most, where it affects the people most," he said, arguing that macroeconomic figures often paint an incomplete picture of real-life economic struggles.
Using his own experience as an example, Otokunor revealed the difficulties faced by businesses due to high interest rates. "Last year, I wanted to expand my poultry farm, and I needed some funding… I was looking at an interest rate of about 39%. "Now, if I'm going to borrow at 39%, considering all the other business factors, how would that business survive?" Share this:Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window) Related Topics:Feature Advertisement You may like Kenkey is 7 cedis, yet you talk about growth - Martin Kpebu challenges economic analysis The economy we inherited is worse than 2016 - Kwakye Ofosu fires back Alhaji Asoma Banda dead at 92 Decomposed body of woman retrieved from septic tank by GNFS; suspect in custody Otokunor appointed Director of Presidential Initiatives in Agriculture and Agribusiness Minority MPs boycott ongoing retreat held in Ho because it's a waste of resources From this year, Eid ul-Fitr will have two public holidays - Mahama Mahama's SONA was inaccurate - NPP to present 'proper' SONA on March 4 Mahama's delay on anti-LGBTQ+ bill disappointing - Ntim Fordjour Click to comment Leave a Reply Cancel replyYour email address will not be published.
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