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Ghana seeks to stabilize its economy by leveraging natural resources and remittances, while removing the COVID-19 levy.
Ghana's financial analyst Dr. Richmond Atuahene recommends leveraging natural resources and remittances to recapitalize the Bank of Ghana, which faces a negative equity position due to debt restructuring. He suggests revising fiscal terms for oil, gas, and mining sectors and tighter remittance market oversight. The government also plans to remove the COVID-19 levy in the next budget, fulfilling a campaign promise. Additionally, Ghana is implementing reforms to prevent financial mismanagement, including amendments to procurement laws and new fiscal rules for debt management.
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