A former Energy Minister, Boakye Kyeremanteng Agyarko, has projected that it will take between five (5) to seven (7) years for the economy to stabilise, given the current economic crisis.
Speaking on Peace FM’s morning show, Kokrokoo as part of conversations on the current economic situation, he noted that “2 years is not enough to stabilise the economy.”
He further asserted that the U.S $3 billion IMF bailout government is seeking is not enough to restore the economy. According to him, “the economy needs an injection of about U. S$ 6 to 7 billion in order to be stable.”
Proposing the way forward, however, he mentioned that government must hold regular meetings with members of the various trade unions in the country to deliberate on the way forward with regards to how to alleviate the economic hardship.
Source: The Independent Ghana