General News of Wednesday, 3 April 2019Source: starrfm.com.ghWe need sound economic policies not lectures – Gatsi to BawumiaVice-President, Dr Mahamudu BawumiaThe head of the finance department of the University of Cape Coast Professor John Gatsi has discounted the impact of the Vice President’s town hall meeting. Speaking to host Julius Caesar Anadem on the Ultimate Breakfast, Professor Gatsi contended that the lectures will hold nothing, if government fails to implement policies needed to put the country’s economy on a sound track. Dr. Mahamudu Bawumia today addressed the country on the state of the economy at a town hall meeting dubbed “Our progress, our status, our future”Dr Bawumia who heads President Akufo Addo’s Economic Management Team gave an account on the wobbly performance of the cedi and the outlook of the country’s macroeconomic indicators. He used the platform to announce a 50% reduction on import duties at the ports and 30% reduction on vehicle import. Anticipating responses on Ghana’s 70.5% debt to GDP ratio, Professor Gatsi outlined, “The fact remains that the vice president said we will not borrow but they have borrowed in two years over 53 million cedis more than was expected and has not reflected in massive development for the country.”“There is no need to segregate what is the debt of Mahama and what is the debt of President Akufo-Addo.

Source: GhanaWeb April 03, 2019 18:11 UTC