Let’s reconsider 15-month reserves target; rather spend on electricity infrastructure, roads – US-based economist

Dennis Nsafoah The government has been advised to reconsider the 15-month reserves target since it is depriving the nation of domestic capital investments to stimulate economic growth.

Nsafoah, who is also a member of the Research Committee of Tesah Capital, argued that Ghana does not need to choose between stability and development However, he said that the Ghana Accelerated National Reserve Accumulation Policy (GANRAP) should not be abandoned.

He disclosed this in a paper titled “Why Is Ghana Cutting Capital Expenditure to Pursue Reserves Far Above the IMF’s Adequacy Benchmark?