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JUST IN: IMF Loan Won’t Save Ghana’s Economy - Renowned International Economist Declares and Drops

Ghana's decision to enter into an economic program with the IMF, according to Johns Hopkins University Professor Steve Hanke, will not salvage the country's economy.

A financial bailout from the Bretton Woods Institution is certain to fail just like the other 17 IMF programs that Ghana has participated in, he claims.

In a July 2 tweet, Steve Hanke questioned Ghana's last-ditch effort to preserve the economy, which is in crisis and beset by a huge debt burden.

Inflation in Ghana currently stands at 49.35 percent per year." Negotiations with the International Monetary Fund (IMF) have begun as a last-ditch effort by the administration. Warning: This article contains spoilers about the 17 previous IMF plans that failed to salvage Ghana's economy.

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Ghana IMF International Monetary Fund Johns Hopkins University Steve Hanke


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