Business News of Monday, 2 October 2023

Source: www.ghanaweb.com

Akufo-Addo's tariff increment plan is going to fall like a lead balloon – Prof. Hanke

Prof. Steve Hanke and President Akufo-Addo Prof. Steve Hanke and President Akufo-Addo

Professor of Applied Economics at the Johns Hopkins University-USA, Professor Steve Hanke has yet again criticised the economic management of the Akufo-Addo administration.

This time, he is calling out government’s plan to reduce cost of living on Ghanaians as a means to only increase tariffs which have impacted on livelihoods and businesses.

Professor Hanke who has been an ardent critic of government’s across the world described President Akufo-Addo’s tariff increment plan as one that is going to fall like a lead balloon.

He further questioned the rationale behind's the President’s motive to increase tariffs while querying whether the idea was borne out of the conditionalities set out in Ghana’s 17th IMF bailout programme.

“Pres. Akufo-Addo’s plan to reduce the cost of living in Ghana = INCREASING ELECTRIC UTILITY TARIFFS. Akufo-Addo’s tariff increment is going to fall like a lead balloon. I wonder where he got that idea? The IMF?,” Professor Hanke wrote via the X platform (Formerly Twitter) on September 29, 2023.

MA

See Prof. Hanke's tweet below



Watch the latest edition of BizTech below:



Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Watch the latest edition of BizHeadlines below



Click here to start the nomination process for the 2023 GhanaWeb Excellence Awards