Gold, Cocoa revenues in a balance

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• Lord Tennison 9 years ago

  This is the origin of our economic woes.As the prices of gold and cocoa rally,John Mahama should pursue an AGGRESSIVE import reduction policy of NON-ESSENTIAL imports to reciprocate the price gains.
  There is the urgent need ...
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  This is the origin of our economic woes.As the prices of gold and cocoa rally,John Mahama should pursue an AGGRESSIVE import reduction policy of NON-ESSENTIAL imports to reciprocate the price gains.
  There is the urgent need to diversify our export markets,especially exports outside the EU.More exports to the USA will help a great deal.
  An equally aggressive diversification of our exports will be a sound policy worthy of emulation.
  Seth Terkper should find ways of stimulating consumption of goods and services.That is the MAGIC WAND.He appears to have misunderstood the need to mobilize revenues through tax increases,withdrawal of subsidies,withdrawal of allowances and the necessity to create a conducive environment for consumers to spend and cause producers to expand production and create jobs.The revenue mobilization efforts should not reduce disposable incomes and stifle demand for goods and services.
  I favor a commonsense withdrawal of subsidies on utilities and refined petroleum products so the providers will
  net in some profit and stay in business.But it should be done by considering the current rate of inflation,the ability to pay and even the prices of competing imports.If all those overheads increase the cost of production and are factored into pricing so as to make our own goods and services expensive,then you are driving demand to the cheap imports and creating income and employment for the foreign sources.Our problems emanated from incompetence and poor leadership.I do not think that Ghana is in Hell.
  Otherwise, we will do restructuring till the second coming of Jesus Christ.

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• solo 9 years ago

  Nonsense.

  Nonsense.

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