{"id":161216,"date":"2024-03-12T06:54:15","date_gmt":"2024-03-12T06:54:15","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/03\/12\/financial-analyst-predicts-energy-sector-woes-for-ghanas-next-govt\/"},"modified":"2024-03-12T06:54:15","modified_gmt":"2024-03-12T06:54:15","slug":"financial-analyst-predicts-energy-sector-woes-for-ghanas-next-govt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/03\/12\/financial-analyst-predicts-energy-sector-woes-for-ghanas-next-govt\/","title":{"rendered":"Financial analyst predicts energy sector woes for Ghana\u2019s next govt"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Financial analyst, Kofi Arkaah has forecasted challenges for the forthcoming government in addressing issues plaguing the energy sector.<\/p>\n<p>He expressed concern over Ghana\u2019s energy sector debts and predicted that the next administration would encounter significant obstacles in various economic sectors.<\/p>\n<p>For several weeks, parts of the country have been grappling with erratic power supply, colloquially known as \u201cdumsor\u201d.<\/p>\n<p>In an interview on <strong>The Point of View<\/strong> on <strong>Citi TV<\/strong>, Mr. Arkaah stated, \u201cLook at what is happening in the energy sector; our debts have skyrocketed. Whoever comes in as the next administration is going to face a major challenge in the energy sector and other sectors. I mean labour, education, the financial sector. I speak to a lot of people, and due to the way the economy was managed, there\u2019s hardly any activity.\u201d<\/p>\n<p>He advised the upcoming administration to take decisive steps to reduce the Treasury bill rate following the 2024 elections, anticipating increased expenditures during the electoral period.<\/p>\n<p>\u201cWe are in the process of stabilizing the economy, but we are also in an election year, so the election year is going to be spending, and it\u2019s all about what happens post-election. Post-election, the new administration coming in will they make a significant strategic decision to work on that T bill rate and bring that Treasury bill down?\u201d<\/p>\n<p>The way to do it is to do it in tandem with stabilizing your currency through the optimal reserve ratio and bringing down inflation, by curbing excessive spending, excessive spending is still going on, we will see what happens with the next administration,\u201d Mr. Arkaah said.<\/p>\n<p>\u00a0<\/p>\n<p><strong>\u2014\u2014<\/strong><\/p>\n<p>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/p>\n<p>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: <strong>https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/p>\n<p>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Financial analyst, Kofi Arkaah has forecasted challenges for the forthcoming government in addressing issues plaguing the energy sector. He expressed concern over Ghana\u2019s energy sector debts and predicted that the next administration would encounter significant obstacles in various economic sectors. For several weeks, parts of the country have been grappling with erratic power supply, colloquially [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":161217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-161216","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial analyst predicts energy sector woes for Ghana\u2019s next govt - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/03\/12\/financial-analyst-predicts-energy-sector-woes-for-ghanas-next-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial analyst predicts energy sector woes for Ghana\u2019s next govt - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Financial analyst, Kofi Arkaah has forecasted challenges for the forthcoming government in addressing issues plaguing the energy sector. 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