Senior Research Fellow at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Charles Ackah has advised Ghanaians not to be “unnecessarily alarmed” over predicted economic hardship in 2023.
According to him, the country has dealt with economic difficulties before, therefore, measures that will be implemented will determine whether the difficulties are resolved or exacerbated.
“When we have crisis like that, it gives us the opportunity to rethink and to do things differently. So, I don’t want us to be unnecessarily alarmed, because we have come this way before,” he said on JoyNews’ AM Show on Thursday.
Prof. Ackah added that the right thing for the government to do is to identify the cause of the crisis and proffer solutions, which in his opinion is “how to fix the economic dynamics to pay the debt” accumulated by the government.
He expressed his disapproval of government’s tendency to turn to the IMF when the country is in a state of economic crisis.
Prof. Ackah said the aim of the IMF is to generate “higher returns in the shortest possible time,” but not to help develop the country, therefore, it is not the best course of action, that the government has turned to the IMF amidst the country’s current situation.
He called for policies to limit the Ministry of Finance from borrowing from the IMF, unless it is critical.
Latest Stories
-
Nigerian-born conquers childhood hearing loss to become KNUST’s overall best graduating student
15 mins -
ECOWAS Court orders compensation for violations against New Force’s Shalimar Abbiusi
27 mins -
Dreams FC denies allegations of attempting to sign Najeeb Yakubu
1 hour -
Election 2024: ‘Right to free and fair elections non-negotiable’ – Akufo-Addo
2 hours -
Kurt Okraku took out my passport from the U23 squad that travelled to Japan – Najeeb Yakubu alleges
2 hours -
Where hope fails: Ghana’s decaying home for the destitute
2 hours -
NDC Mining Committee for 2024 campaign refutes allegations of recruiting thugs for elections
2 hours -
Traction Control: A lifesaver with an off switch? Here’s why it exists
2 hours -
I don’t need anyman to woo me with money – Miss Malaika 2024 winner refutes pimping claims
2 hours -
”Kurt Okraku sabotaged my national team career because I refused to sign with Dreams FC” – Najeeb Yakubu
2 hours -
Businesses urged to leverage Generative AI for enhanced customer engagement
2 hours -
MultiChoice Ghana partners with Ghana Hotels Association to elevate guest entertainment
2 hours -
Bawumia’s music streaming app or Mahama’s pay-per-view TV channel?
3 hours -
Karpowership Ghana empowers 40 Takoradi Technical University students with scholarship
3 hours -
We expect significant reduction in prices of petroleum products in coming weeks – CEO AOMC
3 hours