Gov’t has been indifferent to advice about economy, says Prof Bokpin
Professor Godfred Bokpin has accused government of being indifferent to advice on the economy.
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 stated on JoyNews’ Newsfile on Saturday, September 24, 2022.
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.
