Economist Professor Gatsi advocates fiscal discipline to resuscitate Ghana’s economy in 2023

gbcghanaonline.com

Dec 28, 2022 3:13 PM

Economist Professor Gatsi advocates fiscal discipline to resuscitate Ghana's economy in 2023 — Professor John Gatsi, Economist and Dean of the University of Cape Coast Business School.

Economist and Dean of the University of Cape Coast Business School, Professor John Gatsi, says the country’s economic outlook looks promising but could get better if the government focuses attention on ensuring fiscal discipline while working towards the stability of the macro-economy in 2023.

Commenting on the President’s New Year message, Professor Gatsi noted that although the cedi continues to fall against the dollar among other major trading currencies, coupled with the steady decline in the price of fuel, one cannot predict a robust economy in 2023.

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He said the performance of the economy will also depend on the continuous reduction in prices of crude oil on the international market, and the ability of the government to resuscitate the ailing economy by investing in capital projects and maintaining stability in the supply of energy.