Sunday, February 5, 2023
HomeLocal NewsYes, 2023 will be tough but we need not panic - Prof...

Yes, 2023 will be tough but we need not panic – Prof Ackah

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.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Abdullah Anaman
Abdullah Anamanhttps://aanaman.me
I am a highly competent IT professional with a proven track record in designing websites, building apps etc. I have strong technical skills as well as excellent interpersonal skills, enabling me to interact with a wide range of clients.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Most Popular

Recent Comments