By news desk
The Independent Presidential Candidate for the 2012 general elections, Jacob Osei Yeboah, has bemoaned the recent development in the country’s economy and subsequently advised the government to sit up.
Speaking to BusinessWeek, Yeboah, observed that the rate at which the national currency was depreciating was alarming, and the “Government must take pragmatic measures to address the situation”. He added that policy measures should be taken to make Cedi assets more attractive to hold.
However, he urged the Bank of Ghana to tread cautiously with regards to the closure of all foreign deposit accounts as well as its instruction that a 2% per annum charge be levied on all foreign deposit bank accounts in the country.
The Bank of Ghana was reported to be considering the adoption a policy that will deny private individuals and some corporate institutions, the opportunity to open and maintain foreign accounts with banks in the country. But a release issued by BoG’s Public Relations Directorate last week assured the general public and all stakeholders that the Bank of Ghana has not taken any such decision.
On employment, Yeboah tasked the government to initiate policy that would develop the skills of citizens particularly the youth. “What we need in this country is policy direction”, adding that this would mitigate the haphazard implementation of employment ideas. He further noted that a proper linkage has not been created between the country’s educational system and industry.
“There is no linkage that is why we see unemployed with degree in foreign languages who are crying to government for jobs, this could have been averted if they were directed to pursue courses that were more relevant to solving the needs of the country e.g. ICT”
The Independent Presidential Candidate for the 2012 general elections, Jacob Osei Yeboah, has bemoaned the recent development in the country’s economy and subsequently advised the government to sit up.
Speaking to BusinessWeek, Yeboah, observed that the rate at which the national currency was depreciating was alarming, and the “Government must take pragmatic measures to address the situation”. He added that policy measures should be taken to make Cedi assets more attractive to hold.
However, he urged the Bank of Ghana to tread cautiously with regards to the closure of all foreign deposit accounts as well as its instruction that a 2% per annum charge be levied on all foreign deposit bank accounts in the country.
The Bank of Ghana was reported to be considering the adoption a policy that will deny private individuals and some corporate institutions, the opportunity to open and maintain foreign accounts with banks in the country. But a release issued by BoG’s Public Relations Directorate last week assured the general public and all stakeholders that the Bank of Ghana has not taken any such decision.
On employment, Yeboah tasked the government to initiate policy that would develop the skills of citizens particularly the youth. “What we need in this country is policy direction”, adding that this would mitigate the haphazard implementation of employment ideas. He further noted that a proper linkage has not been created between the country’s educational system and industry.
“There is no linkage that is why we see unemployed with degree in foreign languages who are crying to government for jobs, this could have been averted if they were directed to pursue courses that were more relevant to solving the needs of the country e.g. ICT”
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