Dr. Ishmael Yamson
Economist Dr. Ishmael Yamson has advised the government to see expenditure cuts as one of the immediate solutions to dealing with the cedi’s depreciation.
He is of the view that an agreement with external creditors on debt restructuring is not the solution to the cedi’s poor performance in recent years.
“There is always a signalling effect that could convince investors about government commitment to stabilize the economy and help deal with our debt situation”.
“Government must been seen to taking some practicable measures and verifiable measures to cutting expenditure and how that could deal with the amount of fresh money that needs to be borrowed”, Dr. Yamson said on PM EXPRESS BUSINESS Edition with host George Wiafe on July 18, 2024.
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