The Vice President, Senior Minister Yaw Osafo Maafo, the Vice Chair of the Team and Mr Alan Kwadwo Kyerematen, Minister of Trade and Industry, a member of the EMT, made the case when they addressed the meeting. The meeting was to enable the EMT to answer questions on the performance of the economy from representatives of civil society organisations, academia and members of the public. Dr Bawumia said it was imperative to strengthen the weak fundamentals of the macroeconomic economy that it inherited, adding that significant progress had been made. “As at March 29, the year-to-date depreciation of the cedi for the first quarter of 2019, stood at 5.18 per cent”. A positive GDP growth would foster productivity; while a higher inflation rate would distress the poor in the society because that undermined the ability spend.

Source: GhanaWeb April 05, 2019 00:45 UTC