Business News of Wednesday, 6 November 2019Source: Myjoyonline.comGovernment urged to tighten trade policies in 2020 budgetKen Ofori-Atta, Finance MinisterThe Trades Union Congress (TUC) has urged the Finance Minister, Ken Ofori-Atta, to ensure that the 2020 Budget and Economic Policy next week reflects a robust trade policy that supports growth. “Our trade policy is over-liberalised and inconsistent with the objective of building a strong private sector which is capable of creating quality employment,” the TUC said in a statement that outlines its proposals for the 2020 budget. The umbrella body for all labour unions in Ghana noted that, “over a long period, the national trade policy has maintained extremely low tariffs on some of the basic products for which we have the capacity to produce domestically. “We expect policies that strengthen macroeconomic framework and also ensure that economic growth and other indicators have real meaning for Ghanaians. The budget must outline practical measures to support domestic production and reduce national dependence on imports for basic products.

Source: GhanaWeb November 06, 2019 15:11 UTC