ISSER’s Dr. Charles Godfred Ackah has said that he believed that government policies greatly affect the trade sector of the country and under the leadership of former President John Mahama, Ghana has seen a huge fall in the sector that had made the life of Ghanaians very difficult.
Dr. Ackah, a Senior Research Fellow at the Institute of Statistical, Social and Economic Research, delivered this lecture at the University of Ghana. He said that the trade sector’s performance remained poor during Mr. Mahama’s term as each government has its policies for everything like policies to create a favorable business environment. The trade sector started to fall in the tenure of NDC, especially under President Mahama.
He maintained that profitability and growth happen when the government works on the expansion of trade. If trade, imports, and exports shrank, it means it will affect profitability and growth. If the trade will expand then profitability and growth will also expand means government policies solely responsible for the trade development. He blames the government’s actions due to which Ghana is facing economic challenges.
Dr. Ackah also requested the government to mindfully implement the policies which will not collapse the trade sector.
Read More: Ghana Business News
