Associate Professor and Director of the Trade Growth Network, Prof. Evans Akwasi Gyasi, has urged the government to work towards achieving single-digit inflation.
According to him, it is a critical marker of economic stability and investor appeal.
Reacting to the 2025 Mid-Year Budget on JoyNews Prime, Prof. Gyasi acknowledged the Finance Minister’s projection of 11.9% inflation but maintained that further reducing it to single digits would send a stronger signal of macroeconomic discipline.
“When it comes to inflation. Initially, there was a target of a single digit, but if you look at the mid-year budget that was read, the finance minister predicted 11.9. I think more ought to be done. If you can push it to a single digit, I think that can help the economy as well.”
He said if the government can focus on earning a single-digit inflation, the success story of the economy can be sustained.
He praised other aspects of the budget, including the continued appreciation of the cedi and prudent debt servicing, and noted that the overall outlook opens a gateway for increased investment.
“It (the budget) creates investor appeal, it brings investor confidence back, and it also indicates that we are open for business.”
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