On Tuesday, President Nana Akufo-Addo will meet with representatives from the Association of Banks, AGI, GPRTU, and the Council of State to examine the country’s economic difficulties and possible solutions.
He is scheduled to meet with the Association of Ghana Industries first and the Association of Banks right after.
Before concluding the day with a meeting with the Ghana Private Road Transport Union, he will next have a meeting with members of the Council of State.
The sessions’ main objectives will be to discuss the causes of the current economic difficulties and potential solutions.
The economy has in the past few months seen a decline in progress as food inflation has risen to 37.80% from the 13.70% in January.
This gave rise to various worker unions demanding for the payment of a Cost of Living Allowance of 20% but after negotiations with the government, a 15% COLA was agreed upon.
*RISING FOOD PRICES*
The increment in food inflation has seen a sharp rise in the cost of food items on the market raising concerns from foodstuff vendors.
The vendors are demanding drastic action from the government to deal with suppliers who they accuse of deliberately inflating prices.
GOVERNMENT ASSURANCE
The heightened anger from the citizenry has caused the government to constantly assure the people of efforts being made to deal with the issue.
In his recently concluded tour of the Eastern Region, President Nana Addo Dankwah Akufo-Addo assured the people of the government’s efforts at ensuring there is a respite for Ghanaians.
The economic management team led by the Vice President Dr. Mahamudu Bawumia are said to have commenced a series of meetings to find solutions to the challenges.
The meetings will see the EMT also working with the Bank of Ghana to find a way to deal with the depreciation of the Cedi.
CABINET MEETINGS
President Nana Akufo-Addo is also expected to go into a crunch cabinet meeting on Thursday to fine-tune solutions to the current economic challenges.