Development Economist and Senior Research Fellow at the Centre for Social Policy Studies (CSPS), College of Humanities, University of Ghana, Dr. George Domfeh, has emphatically stated that the National Democratic Congress (NDC)-led government is damaging Ghana’s economy.
According to Dr. Domfeh, the continuous injection of dollars to sustain the economy is unwise and unsustainable. He argued that such actions by the NDC administration increase Ghana’s dependence on foreign countries.
He cautioned that if the country continues on this path, many local companies could collapse within the next ten years.
Dr. Domfeh advised the NDC government to establish local industries to support domestic production and reduce the importation of foreign goods. He also urged the government to reduce the cost of electricity and other utility services to improve the living standards of citizens and enhance business growth.
While noting that the inflation rate under President John Dramani Mahama appears favorable, Dr. Domfeh stressed that it is not sustainable in the long term.
He made these remarks during the Bryt Adekyee Musem Morning Show with Kwamina Sam Biney on Bryt FM.
Source:Mybrytfmonline.com/Nhyiraba Solomon Nartey
