The Ghana Employers’ Association (GEA) emphasized the government of Ghana to include appropriate measures in the next budget to solve the problem of electricity.
It stated that the demand for electricity expanding 8 to 10 percent yearly so the 2016 budget have to outline suitable measures to solve the problem of power shortage.
The GEA told this in a meeting of stakeholders on 2016 budget at Western Premier, Accra Airport Hotel.
Other suggestions are high commercial bank interest rates, illicit trade and the road infrastructure.
Ato Forson, Deputy Minister of Finance; Dr Mensah Bonsu, National Development Planning Commission; Dr Edward Larbi-Siaw, Tax Policy Advisor, Ministry of Finance; Deputy Controller and Accountant General Mr Seidu Kotoma; and Minister of Roads and Highways Alhaji Inusah Fuseini are important personalities presented at the discussion.
The GEA has appealed to the government to allocate more resources in energy sector to solve the problem of load shedding.
The GEA said current average lending rate of the nation is at 33.85 per cent, this rate is highest among Africa’s average rate and the borrowing of government is major factor leading to high level of interest rate into the country.
It also said that 2016 budget have to complete construction of all major projects and rehabilitation program.
Government should encourage private and public partnership in the sector.
Director of Budget Mr Patrick Numo at the ministry of finance has welcomed the stakeholders by saying that these discussions are critical to development of the country.
Many contributions came from Chamber of Mines, Association of Road Contractors, Penplusbytes, and African Center for Economic Policy, ISODEC, SEND-Ghana, UNICEF and GNAT.
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