24.6 C
Accra
Friday, July 5, 2024
BusinessDoubts cast on Finance Minister-designate's ability to address economic challenges

Date:

Doubts cast on Finance Minister-designate’s ability to address economic challenges

spot_img

Director of Business Operations at Dalex Finance, Mr. Joe Jackson, has voiced doubt regarding the Finance Minister-designate’s ability to tackle the nation’s economic hurdles within a limited timeframe.

While acknowledging the appointee’s expertise as a proficient economist, Mr. Jackson cast uncertainty on the impact he could have at this late stage.

- Advertisement -

Speaking in an interview with Accra-based UTV, Mr. Jackson expressed concern that the new minister might not instigate significant changes to mitigate the ongoing economic downturn.

He highlighted apprehensions about the possibility of Mohammed Amin Adam, the minister-designate, presenting a new budget, noting that the budget had already been put forth by the previous minister who grappled with economic challenges.

- Advertisement -

Despite acknowledging the minister-designate’s commendable track record in pro-poor economics, Mr. Jackson contended that, given the current circumstances, there may be constraints on what he can accomplish.

He questioned whether the appointee could introduce alternative strategies to alleviate the prevailing economic conditions.

- Advertisement -

The financial expert voiced skepticism about the minister-designate’s ability to remedy the situation, underscoring the nation’s challenges and stressing the necessity for innovative approaches to tackle them.

Latest stories

Draft better laws to prevent a Kenyan situation – Kwame Agbodza to Parliament

The member of parliament for the Adaklu constituency in...

A/R: Motorbike collision burns 2 at Kwaagyekrom

A tragic head-on collision between two motorbikes on Tuesday,...

Cancer patients stranded as Korle Bu’s only treatment machine breaks down

Some cancer patients in the country have been left...

2024 Elections: Profile of Bawumia’s running mate, Dr. Matthew Opoku Prempeh

The National Executive Council (NEC) of the New Patriotic...

Petrol tanker involved in an accident on the Hohoe-Sanko road

A petrol tanker bearing registration number GN 44-76 overturned...

GIPC CEO justifies decision to scrap capital requirements for foreign businesses

Chief Executive of the Ghana Investment Promotion Centre (GIPC),Yofi...

GSS predicts increased congestion in Accra by 2030

By 2030, Accra, Ghana's vibrant capital, is anticipated to...

Related stories

GIPC CEO justifies decision to scrap capital requirements for foreign businesses

Chief Executive of the Ghana Investment Promotion Centre (GIPC),Yofi...

Labour Bank: TUC to set-up bank to support its members

Trade Union Congress (TUC) has announced its intention to...

Implement sustainable revenue measures to restore macroeconomic stability – Gov’t told

Policymakers and academics have emphasized the urgent need for...

Ghana’s exports to EU countries surged 200 million euros in 2023

Ghana's trade with the European Union (EU) showed promising...

The term of BoG Governor must overlap that of the President to ensure continuity – IEA

The Institute of Economic Affairs (IEA) is urging substantial...

Ghana is rapidly leading in adoption of cryptocurrency – Report

The largest cryptocurrency exchange platform globally, Binance, published findings...

Key structural reforms improving Ghana’s economy – Abena Osei-Asare

Minister of State at the Finance Ministry, Abena Osei-Asare,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here