Audio By Carbonatix
If you ever thought the incumbent government was a listening one, then economist Professor Godfred Alufar Bokpin beg to differ.
For him, the Akufo–Addo administration has been indifferent to heeding any advice that stakeholders have suggested.
Prof Bokpin said this when contributing to Ghana–IMF talks on JoyNews’ Newsfile on Saturday.
According to him, Ghana’s economic crisis is due to the government’s unwillingness to admit that it has mismanaged the economy and needs help.
“If you check all that we have said from last year to date, you’ll see that there was no theory. In fact, the theory gives grounding and the predictive framework we get. We are in this because the government failed to listen.
“We are in this because of the posture of the government. We are in this because of our own actions and inactions so we cannot outsource all our problems to Russia–Ukraine war,” he told Samson Lardy Anyenini.
Official negotiations between the government and the International Monetary Fund (IMF) for an economic programme are expected to take off from Monday, September 26, 2022.
The IMF mission is coming to Accra after a request was made by the government for an economic programme to help support Ghana’s balance of payment.
This is coming on the back of previous engagements and discussions with the IMF to try and understand the current challenges facing Ghana’s economy.
The IMF team was earlier in Ghana to pick up what has been described as an “economic data gathering exercise”.
This is expected to influence the Fund’s proposal to government on moves to turn around the economy.
The IMF has also engaged other interest groups, including civil society groups, business associations and government institutions.
Meanwhile, Prof Bokpin has expressed displeasure over government’s decision to seek external support.
According to him, previous support from the IMF have failed to achieve its intended expectations.
He maintains that any support from the Bretton Wood institution will do very little in current times.
Latest Stories
-
Ato Forson eyes first-week November for 2027 Budget, promises jobs and major infrastructure push
3 minutes -
SHS placement crisis deepens as Catholic Bishops demand probe into ‘protocol’ admissions
11 minutes -
SHS placement: Catholic Bishops demand probe into alleged payments for school places
28 minutes -
Facts about Nigeria’s Dangote oil refinery Initial Public Offering
52 minutes -
Trump says AI safety fears a ‘hoax’ as he rejects calls for greater safeguards
1 hour -
Oil climbs as Saudi pipeline outage, fresh attacks heighten supply concerns
1 hour -
Donald Trump Jr and Bettina Trump say Putin ally paid for some wedding festivities as a ‘gift’
1 hour -
EU is set to propose ban on social media and AI chatbots for under-15s
2 hours -
No SHS space shortage – GES says 800,000 places available for just over 600,000 students
2 hours -
Emmys 2026: The winners and nominees in full
2 hours -
African banks’ foreign subsidiary contributions increasing; Access Bank records fastest cross-border growth
2 hours -
Food prices in Ghana remain largely stable – AGRA report
2 hours -
Fiscal economy to remain firm despite execution risks – Databank Research
2 hours -
China tightens travel restrictions for citizens
2 hours -
Welsh actor Matthew Rhys makes Emmy Awards history with double win
2 hours