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Showing posts from April 20, 2020

ARTICLE: THE REAL ECONOMIC REASONS BEHIND THE LOCKDOWN

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Following the COVID 19 pandemic situation, many Ghanaians have had their first experiences with macroeconomic theories and reasons behind government’s decisions. The Expansionary fiscal describes a situation where the government spends more and cut off/reduce taxes, regardless of its budgetary surplus or deficit. [For your publicity, info tip, event coverage, massive hype, an agenda Personality? Contact us 0237380243 or follow us on twitter via KNUST TigerEye Media Inc. ] (Eg. Distribution of food items to the vulnerable and needy , Full absorption of electricity bills for the poorest of the poor, Payment of water and sanitation bills for 3 months, tax waiver for health professionals, allowance for health workers, transportation cost for health workers, soft loans to SME’s etc.) Governments pursue expansionary fiscal policies as a tool to stoke an economy into growth and to create jobs. An expansionary fiscal policy is a powerful tool, but a country can't maintain it inde...

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