IMF bailout not the solution to Ghana's problems – Financial analyst
A Financial analyst, Benjamin Nsiah, has indicated that the $3 billion IMF bailout Ghanaians are hailing and clamoring for, is not going to solve the economy problems in the country.
He was speaking on the May 14th, 2023 edition of “The Professionals Forum” on Class 91.3FM.
According to him, the IMFʼs $3 billion bailout will be paid in batches and not in its full complement at a go, therefore, it will not produce any magic as far as the crisis being experienced is concerned.
He further chided government for implementing measures which instead of helping to expand local industries and their production capacity, is rather aiding in their fold up and constriction.
Mr. Nsiah also accused government of riding on the IMF bailout to create the environment to access more loans from external sources.
He therefore, called on the finance minister and government, to innovatively find other means of boosting the country's economy rather than jubilating over an amount that will not save the ailing economy.
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