Gold for Reserves has risky, but necessary – Dr Yamson backs Mahama govt’s gold strategy
Economist and Board Chairman of MTN Ghana, Dr Ishmael Yamson, has backed the government’s Gold for Reserves programme as part of the measures needed to protect Ghana’s recent economic gains.
Economist Dr Ishmael Yamson has endorsed Ghana's Gold for Reserves programme, despite acknowledging the risks it presents. He cautioned that Ghana's past economic instability has made it challenging for investors to trust the nation's recent improvements. Dr Yamson explained that successive governments have focused on short-term stability rather than building long-term resilience.
He praised the current government's 18-month economic achievements, attributing the stability to the program and IMF assistance. However, he emphasized that the government must build resilience to sustain these gains beyond the short term. Dr Yamson highlighted agriculture as another sector for investment to address persistent economic issues, particularly food inflation.
He advocated for a long-term approach, suggesting a commitment to resilience initiatives for at least a decade to convince investors.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
