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Business News of Wednesday, 30 October 2024

    

Source: Joy News

ISSER projects Ghana’s 2024 growth rate to hit 4.5 percent

ISSER Director Prof. Peter Quartey ISSER Director Prof. Peter Quartey

ISSER projects Ghana's economic growth to reach 4.5% by the end of 2024, slightly higher than the IMF’s revised forecast of 4%.

ISSER Director Prof. Peter Quartey highlighted the importance of controlling government expenditure through payroll digitalization and emphasized focusing on agriculture and industry to create jobs.

He also urged debt management, proposing a debt ceiling to prevent overspending. The report recommends enhancing revenue collection through digitalization and investing in agriculture to counter high food inflation and reduce living costs.

Addressing inflation and exchange rates will further support economic stability.

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