An Economist, Dr. Sidi Ali has disclosed that the country is in a serious economic crisis which has resulted in continuous borrowing by the government.
According to him the number of taxes being introduced by the government is frightening, stressing that the government has now added VAT on electricity bills for residential usage which was previously charged on commercial and industrial usage with no increase in monthly salaries of the working population.
He said the Bank of Ghana would have been closed down by now if it was commercial or any other universal bank due to the huge amount of money it owes.
Dr. Sidi Ali added that the cost of living in the country must be moderate for people to be able to stay without having a strong feelings about the hardship in the country adding that prices of food and transport fares must be reduced since food and transport fares are the main determinants affecting the cost of Living.
He finally indicated that the government needs to be highly prepared to welcome labour unrest and agitations as a series of working populations in the country are poised to embark on strikes and other agitations in demand of their salaries, allowances, and other conditions of services due to them.
