First public meeting of the economic management team: what to expect



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Vice President, Dr. Mahamudu Bawumia, will lead Wednesday the Economic Management Team (EMT) for a formal engagement with part of the Ghanaian public.

The first public meeting is on the theme of "Our progress, our status, our future" and is part of a new initiative announced at an early date by the Ministry of Information.

Spokesman for the Vice President and member of the EMT Secretariat, Dr. Gideon Boako, said the open discussion session would be a question-and-answer session that will raise Ghanaians concerns about key economic issues .

The meeting, scheduled to begin at 10 am at the College of Physicians and Surgeons, also aims to inform Ghanaians of developments in Ghana.

The recent cedi redemption challenge should be at the top of the agenda.

Ghanaian companies have expressed concerns about the health of the local currency, which has depreciated against the dollar, from 4.9 GHS to more than 5.5 GHS since the beginning of the year.

In 2018, the Cedi depreciated by 8.4% against the dollar.

Recent power outages by some experts to a sector facing financial difficulties will also be the focus of concern.

Ghana has recently been ranked among eleven countries labeled high risk of over-indebtedness in Africa.

The stock of Ghana's public debt at the end of 2018 amounted to 173.2 billion GHS, according to the Bank of Ghana's Economic and Fiscal Data Summary.

The EMT is likely to respond to the concerns of The relentless annual increase in public debt.

Under the leadership of Nana Akufo-Addo, the EMT is composed of nine members and chaired by Dr. Bawumia.

The prime minister is the vice-president of the team. Other members include Finance Minister Ken Ofori-Atta; The Minister of Agriculture, Mr. Owusu Afriyie Akoto; Minister of Energy John Peter Amewu; The Minister of Planning, Professor George Gyan Baffour; Trade Minister Alan Kyerematen; Mr. Anthony Akoto-Osei, Minister in charge of monitoring and evaluation; and Joe Amoako-Tuffour, team secretary.

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