Professor Peter Quartey, an economist, has encouraged the government to concentrate on two important economic sectors before the Finance Minister presents the 2023 budget in November.
He thinks that by providing purposeful support to the agricultural and industrial sectors, Ghana’s current economic problems can be resolved in the short to medium term.
The agricultural and industrial sectors need to be remodeled to focus on district commercial farmers and specific industries, according to Prof. Quartey, the director of the Institute for Statistical, Social and Economic Research (ISSER).
“Government’s economic blueprint for the next year should be heavy on the two sectors as part of a grand effort to create more employment, boost food production and enhance local manufacturing of products so we can reduce dependency on foreign exchange for imports.”
He made this known speaking in an interview with Graphic Business and monitored by GhanaWeb Business.
The ISSER boss further said government, in its presentation of the 2023 budget statement, must dedicate funds set aside to support the agricultural and industrial sectors of the economy.
Touching on government’s efforts to mobilise domestic revenue and achieve its targets, Professor Quartey advocated for an aggressive approach and implementation of the revised tax exemption law.
While calling for a reduction in the size of government and a reshuffle among ministers to restore confidence in the economy, the ISSER Director urged for the reintroduction of road tolls via the electronic pass system.