Answer to Question #238355 in Macroeconomics for Nathan Uwumborche

Question

prepare a presentation to the president of Ghana on key macroeconomics challenges for Ghana in the short and medium term. As Ghana Revenue Authority.

Answer 1

Macroeconomic challenges develop if macro economy never achieve satisfactorily economic growth, stability as well as full employment goals. Unemployment comes up if full employment goal is never achieved. Ghana is likely to encounter inflation during this period when the world is experiencing challenges with COVID-19, this are as a result of not meeting stability goals within the economy. It is important for the government to reduce unemployment rate through developing innovative projects to provide opportunities.