Accra (Greater Accra)
22 October 2002- The Ghana Economic Forecasts and Analysis (GEFA), an economic
bulletin published by the Chartered Institute of Bankers and CLAYDORD Consult,
has described government's macroeconomic objectives for this year, as
"fairly realistic".
The policies and focus
areas are fairly consistent with general and sectoral appropriations along the
statutory and discretionary expenses respectively. The bulletin, which covers a
six-year period from 2002 to 2006 analyses Ghana's financial position within
the global context, recent economic trends and developments, national policy
assumptions, policy issues, economic forecasts risks and uncertainties.
Hitherto, most economic analyses have been annual or just covered two-year
periods.
Professor Cletus K.
Dordunoo, an economic consultant, told the GNA Business News that government
needs to look at certain measures too if anything meaningful and sustainable
are to be achieved over the period.
"However, there
are a few policy issues, uncertainties, concerns that have to be borne in mind
by government. Government must resolve to remove or minimize the effect of all
the bottlenecks in the way of industry, he said.
According to him
interest rates must come down in line with other rates in order to reduce the
cost of borrowing by private businessmen and women; otherwise targeted growth
in the industrial sector cannot be achieved
GRi
/
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