Chartered Accountant and a Tax Practitioner of the Chartered Institute of Taxation Ghana Dr. Frank Gbadago says if Ghana continues to import what we consume, then we will continue to have problems with the economy.
Speaking on Ahotor 92.3 Fm, the Chartered Accountant opined that relying too much on importation will affect inflation, foreign exchange, and the reserves of the country.
He explained that an importation-driven economy would suffer from a high debt problem, which would hurt the cost and standard of living of its citizens in the long run.
According to reports, around 70-80 percent of what we consume locally is imported from other countries, something Dr. Gbadago describes as a worrying phenomenon.
Listen to Dr. Frank Gbadago in the audio below:
Story by: Emmanuel Romeo Tetteh(#RomeoWrites) / Ahotoronline.com
