Things are going to be rough and tough this year – CEO of GNCCI

Chief Executive of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has expressed optimism that the current economic crisis in Ghana will soon be resolved.

Speaking to Accra-based Joy News, Badu-Aboagye cited the government’s successful completion of negotiations with the International Monetary Fund (IMF) as a key factor in the transformation of the economy.

While acknowledging that the current year may be challenging, Badu-Aboagye assured the public that things would improve. He advised individuals and businesses to be aware of the potential impact of ongoing adjustments.

“It will get better, but for this year, things will be a bit rough so if you’re taking a decision for the year, you should know that these adjustments are going to affect you,” he said.

Regarding the conditionalities associated with the IMF deal, Badu-Aboagye stated that the government had already implemented most of them before finalizing the agreement. Therefore, he expected that the situation would improve from this point onwards.

Although he acknowledged that making significant profits in the current year might be difficult due to the prevailing economic activities, Badu-Aboagye expressed optimism that the situation would improve in the following year and subsequent years.

While the IMF deal aims at restoring confidence in Ghana’s economy, it also has far-reaching consequences for ordinary citizens and businesses, highlighting the need for careful.

Source: newsalertgh.com