Going to IMF won’t Save your Economy – U.S Economist tells Nana Addo
A renowned applied economist Steve H. Hanke who lectures at the Johns Hopkins University in Baltimore, Maryland says going to the International Monetary Fund for a bail out will not save the country’s economy.
Steve Hanke made these comments after the Government of Ghana under the leadership of President Nana Addo-Dankwa Akufo-Addo announced that they will be heading to the IMF for an economic bailout.
In a tweet made by the renowned economists said ” Today, I measure inflation in Ghana at a stunning 49.35%/yr. In a last ditch effort, the govt. has begun negotiations w/ the IMF on a bailout deal. SPOILER ALERT: Another IMF loan won’t save GHA’s economy. Like its past 17 IMF programs, a new one will fail.”
ALSO READ : Ghana heads to IMF for economic bailout
See his Post Below
Today, I measure inflation in Ghana at a stunning 49.35%/yr. In a last ditch effort, the govt. has begun negotiations w/ the IMF on a bailout deal. SPOILER ALERT: Another IMF loan won't save GHA's economy. Like its past 17 IMF programs, a new one will fail.https://t.co/wpiLLIc6Nb
— Steve Hanke (@steve_hanke) July 2, 2022
SOURCE : Coverghana.com.gh
