A finance lecturer at the University of Ghana, Professor Godfred Bokpin says the country's economic growth is being stunted by government's posture of not fulfilling important obligations.

This, he said is seen as government having suspended debt servicing on its external debt.

He stated that government is not in good standing as far as payment of arrears to contractors including Independent Power Producers (IPP) is concerned.

According to him, government has failed to fulfil its obligations to important stakeholders within the economy.

"The economy is not in full gear because we're not honouring important obligations. They have suspended debt servicing on our external debt, we are not in an optimal position with all payments to arrears to contractors, independent power producers, and important stakeholders within the economy," he said.

Prof. Bokpin, therefore, argued that the economy has not turned the corner as stated by Finance Minister Ken Ofori-Atta during the Mid-year budget review in Parliament.

The Minister had said, "This ‘turning the corner’ is underpinned by the investments and sacrifices we have collectively made during this difficult period since March 2020."

But Prof Bokpin said, "So if you see some stability and you interpret that to mean you have turned the corner, you may be surprised if pressures from all these begin to mount then you'll see that the stability you're talking about is actually not durable".

Again, the Finance Minister expressed positivity about the growth of the economy.