Financial Economist Professor Godfred Bokpin has described Ghana’s method of restoring debt sustainability as needless and poor.

According to him, the move will rather impose hardships on Ghanaians.

Speaking at the Graphic Business/Stanbic Bank Breakfast Meeting, Professor Bokpin said the government should rather explore diverse ways of ensuring private sector growth to support the economy.

“You are in a crisis and you want to come out; now you are looking for the type of expenditure cut that will promote growth.”

“The point I’m making is that the method we have chosen to restore debt sustainability will rather impose more hardships. So we must prevent that”, he explained.

He furthered that the IMF is not an entity that embarks on recovering economies, adding, the Fund does not have a single case study of a country that it has transformed economically.

Meanwhile, the Executive Director at the Africa Centre for Energy Policy, Benjamin Boakye, has questioned the viability of Ghana’s procurement processes, saying, it is characterised by fraud.

According to him, it is impacting negatively on the economic development of the country.

“The biggest crime of our country is the procurement system where consistently it has been reviewed but still corruption is bedeviling it”, he bemoaned.