The private sector is pushing for the introduction of a debt-to-GDP cap as a crucial policy measure to create fiscal space and enhance economic transformation.
This suggestion was made during the second day of the National Economic Dialogue, where stakeholders gathered to discuss strategies for resetting the economy.
Abena Amoah, representing the Private Sector Group and Managing Director of the Ghana Stock Exchange (GSE), emphasized that excessive government involvement in areas where the private sector is fully capable of delivering is stifling economic growth. "For us, we discussed and we want to suggest to the minister of finance that it is time to consider a limit to debt-to-GDP. "Yesterday, from your presentation, we saw that government hands were in too many things that the private sector is more than capable of delivering.
So, A debt-to-GDP cap would allow room for the private sector to operate and transform our economy," she stated.
