- October 12, 2022
- Posted by: Amos Ekow Coffie
- Categories: Banking and Finance, Economics
Dean of the Business School at the University of Cape Coast, Professor John Gatsi has called for the establishment of a long term national development plan for the country.
In his view, the country lacks such a plan hence the development challenges.
Speaking on the New Day show on TV3, Prof Gasti indicated that the current challenges facing the country are the result of leadership problems.
“The point is about an inclusive long term national development plan. That is what we have failed to appreciate,” he said.
Another Economist who also spoke on the same show, Dr Badu Sakordie indicated that this is the time President Nana Addo Dankwa Akufo-Addo has to take bold decisions because he has nothing to lose.
“Now is the time that they should show leadership, they showed it during covid time and we appreciated. They should engage stakeholders, GUTA and others, sit with them.”
Hew added “We must have a plan and execute the plan. We need the selfless leader to do that and I believe President Akufo-Addo can do that.
“He can do it, this is the time to do it, this is the time to take some of the bold decisions because he has nothing to lose.”
Regarding the ongoing engagement with the International Monetary Fund (IMF) he said Ghana needs the support from the Fund but beyond that, the country needs to undertake reforms.
“We need the IMF programme. Beyond that we must be serious as a country, reform our policies,” he said.