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Prof. Godfred Bokpin And Franklin Cudjoe Shares Their Opinions About The Current Economy

Over the years, governments have been borrowing so that they can enable higher spending without the need to increase taxes, but that have changed when president Nana Akufo-Addo opt out of the IMF program to maintain national debt.

Unfortunately, the tax revenues can not sustain current economy. As it stands, the government only have two options to increase taxes, or they have to go back to IMF and borrow. So, they can meet their temporary shortfall

However, political commentators and senior economist have been talking what will happen, and what government should do to handle the current economy situation. Here are what they say below

President of IMANI Africa, Franklin Cudjoe

“When you see the proportion of the debt payment, relative to the size of the revenue envelope and you look at your rising debt and you look at the rate of economic growth and the drivers of that growth, you can reasonably predict that it’s just a matter of time that the economy will just collapse. We’re probably going to run into a little bit more difficulties towards the end of September,” he said.


Economist Prof. Godfred Alufar Bokpin

“When you see the proportion of the debt payment, relative to the size of the revenue envelope and you look at your rising debt and you look at the rate of economic growth and the drivers of that growth, you can reasonably predict that it’s just a matter of time that the economy will just collapse. We’re probably going to run into a little bit more difficulties towards the end of September,” he said.

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Franklin Cudjoe Godfred Bokpin IMF Nana Akufo-Addo

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