A Senior Lecturer at the University of Ghana, Legon, Dr Vladmir Antwi-Danso says Ghana has had to resort to an IMF bailout because the economy is being managed poorly.
According to him, every honest Ghanaian will attest to the fact that the managers of the economy are not doing a good job.
“If you are running good policies, you wouldn’t have to go to the IMF. Everyone is going for judgment debt because the economy is bad. People who are suppose to protect us are helping people to take 51 million cedis judgment debt from us.
“The economy is being handled poorly. The Cedi is doing badly because the economy is bad” the international relations expert stated during a an event to commemorate 35 years of the swearing-in of Dr Hilla Limann- a former President of Ghana – on Wednesday, September 24.
He said the government must sit up and work if they are serious about redeeming the struggling economy.
The Ghanaian economy has been hit with numerous challenges in recent times prompting the decision to go to the Breton Wood institution for assistance.
The meeting with the IMF over the terms of engagement is likely to come to a close this week.
President John Mahama has said he is hopeful the move will create an enabling environment for the private sector to grow and also increase foreign direct investment as well as boost domestic investments.
Source: GhanaWeb
