Akufo-Addo Meets AGI, Banks, GPRTU, Others Over Economic Challenges | Social

President Nana Akufo-Addo is scheduled to satisfy, the Association of Banks, AGI, GPRTU and the members of the Council of State to debate the best way ahead for the financial challenges confronting the nation on Tuesday.

He is about to satisfy first with the Association of Ghana Industries and to comply with it instantly with the Association of Banks.

He will then meet with members of the Council of State earlier than closing the day with a gathering with the Ghana Private Road Transport Union.

The conferences will primarily deal with the reason for the present financial challenges and to options on learn how to take care of the challenges.

The financial system has previously few months seen a decline in progress as meals inflation has risen to 37.80% from the 13.70% in January.

This gave rise to varied employee unions demanding for the fee of a Cost of Living Allowance of 20% however after negotiations with the government, a 15% COLA was agreed upon.

*RISING FOOD PRICES*

The increment in meals inflation has seen a pointy rise in the price of meals gadgets available on the market elevating considerations from foodstuff distributors.

The distributors are demanding drastic motion from the government to take care of suppliers who they accuse of intentionally inflating costs.

GOVERNMENT INSURANCE

The heightened anger from the citizenship has precipitated the government to consistently guarantee the individuals of efforts being made to take care of the problem.

In his not too long ago concluded tour of the Eastern Region, President Nana Addo Dankwah Akufo-Addo assured the individuals of the government's efforts at making certain there's a respite for Ghanaians.

The financial administration group led by the Vice President Dr. Mahamudu Bawumia are mentioned to have begun a collection of conferences to search out options to the challenges.

The conferences will see the EMT additionally working with the Bank of Ghana to discover a approach to take care of the depreciation of the Cedi.

CABINET MEETINGS

President Nana Akufo-Addo can be anticipated to enter a crunch cupboard assembly on Thursday to fine-tune options to the present financial challenges.