Business News of 2014-02-22

Roll out the National Economic Dialogue – YED tells govt

The Youth Economic Dialogue (YED) is calling on government to as a matter of urgency, organize a national economic forum to discuss ways to salvage Ghana’s ailing economy.
In a statement issued in Accra Friday, the group underscored the need for a non-partisan national forum as a means of building consensus on solutions to the current economic crisis.
YED also suggested that the forum should focus on formulating specific, pragmatic, courageous and long-term strategic economic policies and programmes toward the improvement of the well-being of Ghanaians.
Below is the full statement
The Youth Economic Dialogue (YED) wishes to echo the need for a National Economic Dialogue under the auspices of the Office of the President to deliberate on pertinent economic issues. There is the need for such an important and non-partisan national forum to discuss critical economic issues that affect the standard of living of Ghanaians.
The group agrees with other prominent Ghanaians who have called for such a dialogue as a means of building consensus on solutions to our current economic crisis. We believe that, a National Economic Dialogue should focus primarily on discussing and formulating specific, pragmatic, courageous and long-term strategic economic policies and programmes towards the improvement of the well-being of Ghanaians.
This platform will provide a dispassionate and non-partisan forum calling on the multi-stakeholder expertise of senior government officials, the private sector, parliamentarians, representatives of political parties, civil society, labor unions, gender advocacy groups, academia, think tanks, development partners and the media to discuss critical issues of national importance such the depreciation of cedi, corruption, high public debt and high rate of unemployment among others. On the issue of the depreciation of the cedi, Youth Economic Dialogue agrees with Hon.
Alan Kyerematen and other notable personalities who have spoken on the matter that some of the fundamental assumptions underlining the 2014 budget statement such as exchange rate projections has already been undermined making it imperative for a revision of portions of the national budget.
We wish to also state that, Parliament, Organized Labour and other political parties can undertake this venture if the Office of the President fails to carry out this important National Economic Dialogue.
Signed: Nana Yaw Adutwum Country Director Davis
Adu-Larbi Policy Analyst
Source: myjoyonline.com
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