COVID-19 PANDEMIC ADVERSELY AFFECTED ECONOMY- AKWABOAH

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Chief Executive Officer of the Association of Ghana Industries (AGI), Mr. Seth Akwaboah has revealed that, the industries have been severely affected by this pandemic.

According to him, last year they had a very good inflation within reasonable range whiles exchange rate wasn’t too bad in terms of cedis fluctuations.

He added that, this economy needs to be stimulated to create jobs.

He noted that, the stimulus packages will not have impact on a big company level.

Finance Minister, Ken Ofori-Atta on Thursday presented to Parliament a mid-year fiscal policy review of the 2020 Budget Statement and Economic Policy as well as Supplementary Estimates of the Government by moving a motion to seek parliamentary approval to spend additional GH¢11,896,477,566.00 to support government expenditure for the rest of the year.

He again disclosed that, the reduction in communication service tax will positively help Ghanaians.

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