The Greater Accra Regional Chairman of the Association of Ghana Industries (AGI), Tsornam Akpeloo, has said a premium should be placed on the local formation of items to end the rising speed of extension in the country.
In his view, it is inconceivable that the country can deal with the increasing rate by not having described secretly conveyed things to consume.
"It is unimaginable that we can rise out of this issue by not having portrayed secretly conveyed things to consume. The call to limit is what we are mentioning to adjust our structure," he said on the Key Points on TV3 Saturday, May 14.
The Ghana Statistical Service (GSS) covered Wednesday, May 11 that the public year-on-year extension rate was 23.6% in April 2022, which is 4.2 rate centres higher than the 19.4% kept in March 2022.
The month-on-month extension between March 2022 and April 2022 was 5.1%, the GSS said on Wednesday, May 12.
Four Divisions, Transport, Household stuff and Routine Maintenance, Food and Non-Alcoholic Beverages, and Housing, Water, Electricity, Gas and Other Fuels, recorded development rates over the public ordinary of 23.6% with Transport, 33.5%, recording the most imperative extension.
The ongoing month's food development, 26.6%, is higher than both last month's food extension, 22.4% and the type of the previous year 13.5%. Food development's obligation to amount to extension in any case, reduced from 51.4% in March 2022 to 50.0% in April 2022.
The Minister of Finance, Ken Ofori-Atta credited this to import.
Talking at an interactive discussion in Accra on Thursday, May 12, Mr Ofori-Atta said "Today, 41 African economies are genuinely introduced to, anyway, of three concurrent crises, rising food costs, rising energy costs, fixing financial conditions Finance Ministers right now call it the dreaded three Fs; Food, fuel and money related conditions.
"That is just a reverberation through in all Africa, and food costs around 34% higher, crude petrol costs roughly 60% higher and overall development has risen, we saw our numbers yesterday moved to 23.6 per cent, a fair piece of it being imported extension."
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