Senior Economist and Director of Research at the Institute of Economic Affairs(IEA), Dr. John Kwakye has advised the policymakers look within for solution to the myriad of problems facing the country.
According to the researcher, the delegation extending their stay in Washington will have little impact on addressing challenges in Ghana.
The comment comes after the finance minister Ken Ofori-Atta who led government delegation to a Group of Seven (G7) African Finance Minister Meeting with the World Bank/International Monetary Fund (IMF), in Washington hinted in extending their stay to continue negotiation with IMF.
“We still are working through and as you know we are staying beyond the fund, the World Bank meeting through, maybe, the 20th, so we will continue with the Mission and the work. We pray that that may give us enough time to be able to come to come fair decisions on the outlook.
“I can tell you that the Fund staff is very motivated, which is good and we are 24/7, so the combination of their own enthusiasm, our clarity on the work that has been done to fulfill the President’s promise. If you look at the turn out of discussion for this annual meeting clearly, the world is recognizing that something different has to be done.”
However, Dr. John Kwakye is not enthused by the idea as he believes the solution need to salvage the economy in Ghana and not in the United States.
Taking to his twitter, he alleged that, the government looking to the Washington for help will prolong the economic recovery which will create uncertainty.
“Our Policymakers need to be reminded that the solution to our economic crisis lies here at home and not in Washington. The more they look up to Washington, the longer the uncertainty and panic in the markets will prevail.”
Our policymakers need to be reminded that the solution to our economic crisis lies here at home and not in Washington. The more they look up to Washington, the longer the uncertainty and panic in the markets will prevail.
— J. K. Kwakye (@JohnKwabenaKwa1) October 13, 2022
source: theGhanaianvoice.com