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Price Control: Gov’t must create an enabling environment – Naab Samuel Namoog

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Chief of Kotintaabig in the Sakoti Traditional Area, and lecturer at Bolgatanga Technical University, Naab Samuel Namoog, in a recent interview on A1 Radio, raised critical points regarding Ghana’s economic landscape, emphasising the need for the government to foster an enabling environment and prioritise effective economic management.

He noted that because Ghana practises a free market economy, direct intervention to control prices can hinder market dynamism and growth.

Highlighting Ghana’s status as an import-driven economy, Naab Namoog underscored the necessity for policies that support local industries and reduce dependency on foreign goods. He stressed that addressing economic management issues should precede negotiations with stakeholders, ensuring a solid foundation for sustainable economic growth.

As discussions evolve, stakeholders anticipate that government actions will align with these priorities, fostering an environment that encourages local production, reduces import dependency, and enhances economic stability.

Calls for an enabling environment and improved economic management in Ghana are gaining momentum, driven by stakeholders’ concerns over the country’s dependency on imports and regulatory approaches in a free market economy.

As the trade ministry addresses these issues, particularly in regard to cement, there is optimism that proactive measures will pave the way for sustainable economic growth and resilience.

Naab Namoog emphasised the importance of policies that support local industries and enhance economic stability to ensure Ghana’s competitiveness on the global stage.

Source: A1Radioonline.com|101.1MHz|Gifty Eyram Kudiabor|Bolgatanga

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