Government Examines Economic Measures

The government will from today, Monday, June 27, 2022, to Wednesday, June 29, 2022 conduct a series of engagements with key sector players within the Ghanaian economy.

The engagements are aimed at assessing the impact of the government’s economic mitigation measures announced in March this year.

The exercise is expected to enable the government to determine whether or not the measures have provided enough cushioning from the adverse effects of recent global developments.

Minister for Information, Kojo Oppong Nkrumah, who disclosed this during an interview with journalists in Accra Sunday, said the engagements will also enable government ministers to examine additional measures that could be deployed to support Ghanaians during such difficult times.

President Akufo-Addo met his cabinet ministers at a retreat earlier this year to take stock of the effects of the global crises. After much deliberations, some response measures were outlined, including the opening of the country’s land borders, easing of general COVID-19 restrictions, the introduction of measures to arrest the local currency’s depreciation and the rising fuel prices occasioned by the global economic turmoil as well as the reduction of government expenditure.

This week’s engagements will enable ministers to assess the impact of the measures in anticipation of a mid-year cabinet review.

Senior Advisor, Yaw Osafo Maafo, is expected to chair the engagements and report to the cabinet by Thursday. Ministers expected to participate in these meetings include Minister for Agriculture, Dr. Owusu Afriyie Akoto; Minister for Transport, Kwaku Ofori Asiamah; Minister for Local Government and Rural Development, Daniel Botwe; Caretaker Minister for Gender, Cecilia Abena Dapaah; Minister for Trade, Alan Kyerematen; and Minister for Information, Kojo Oppong Nkrumah.

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