A professor of applied economics at Johns Hopkins University in the United States, Steve Hanke, has expressed skepticism about the reliability of the new IMF program Ghana has secured.
He claimed that given the failure of other previous programs to address the nation’s fiscal issues, it is likely that this new program won’t either.
According to him, the current inflation rate in the country stands at 50% per year; therefore, he doubts if this new program can do anything to improve the economy.
Prof. Steve Hanke, who has been an ardent critic of the Akuffo-Addo-led government, took to Twitter to express his doubts about the new IMF program.
“Today, I measured inflation for Ghana at 50% per year.” Another IMF program won’t save Ghana,’’ he wrote in the tweet sighted by 1Family Radio.
“After all, all of Ghana’s past IMF programs have failed. Why would a new one work? Steve Hanke questioned.
Source: 1Familyradio
