Ghana’s GDP to double in 11yrs – Prof Gatsi

The head of Department of Finance at the School of Business, University of Cape Coast, Prof John Gatsi, has advised journalists to be critical, objective, fair and avoid being public relations Officers (PROs) when reporting on economic issues. He explained that in economic reporting, informing the people on critical economic issues is very necessary.

He was speaking to journalists during the annual training workshop for members of the Journalists for Business Advocacy in (JBA) in Acccra. The training was sponsored by Ecobank and the Bank of Ghana (BoG).

Discussing the topic “the role of journalists in economic reporting” Prof Gatsi explained that the purpose of economic management is to improve the lives of people and create opportunities for all.

He urged economic journalists to go beyond mere transmission of releases by authorities to also report on the Human Development Index, Gini Index and Misery Index to bring to public discussion matters relating to income distribution and economic policy impacts, among others.

Explaining about doubling the size of the economy, Prof Gatsi said, using rule 70 as used by economic policy experts, Ghana can only double the size of its economy if the current projection of 6.3% growth rate is maintained over the next 11years.

“This implies better approach to agriculture, innovation and tourism as growth drivers after natural resources is needed.

“Sustaining such a growth rate over the period with inclusive effects must be well guided,” he stated.


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