Businessman and politician, Akwesi Addai Odike, says the current slowdown in market activity is due to low circulation of money in the economy.
Speaking on Adom FM’s Dwaso Nsem, he explained that although conditions in the market are currently slow, there is hope as government interventions begin to take effect.
According to him, the measures being implemented by the current administration to inject money into the system are still ongoing, which explains why the impact has not yet been fully felt.
He referenced the Big Push infrastructure programme, noting that it is expected to stimulate economic activity by increasing the flow of money within the economy.
“When money is not circulating in the system, purchasing power drops and the market slows down,” he stated.
Mr. Odike further explained that government remains the biggest spender in the economy, and any delay in its spending affects the entire chain of economic activity.
He expressed optimism that as government begins awarding contracts under the Big Push initiative, funds will flow to contractors, who will in turn spend within the economy, benefiting traders and businesses.
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