The Government of Ghana has been urged to invest in agriculture production as a way of controlling inflation.
Benjamin Nii Kpani Addy, the Deputy Chief Executive Officer of Sekondi-Takoradi Chamber of Commerce and Industry (STCCI) says, investing in agriculture can go a long way to solving continuous inflation rates in the country.
He says the government should focus on boosting agriculture by constructing dams amongst other things to produce food crops so that the country can have enough to feed on and export the surplus when the need arises.
“Instead of wasting time to do Agenda 111, they should rather invest in agriculture so that the nation can feed on what it is producing. When we have enough to eat as a nation, we can then sell the surplus to other countries.” He said.
Prices of fuel, goods and services have rapidly soared in the last few months, plunging several households into a living crises.
Ghana’s currency depreciated in October as much as 3.3% before paring the loss to 11.2750/$ in the capital.
Nii Kpani Addy also implored the government to reduce taxes on petroleum products to lessen the plight of Ghanaians.
According to him, taxes on fuel prices accounts for the increase in goods and services.
Mr. Addy further called on the government to reduce its planned expenditure which will reduce the pressure for its expected revenue.
