Senior lecturer at the University of Ghana Business School (UGBS), Professor Lord Mensah has stated that Ghanaians are not benefiting from the economic growth the government is touting about.
This follows an amount of $600 million expected to be released to the government after an agreement was reached under the G20 Common Framework, ‘on a Comprehensive Debt Treatment Beyond the Debt Service Suspension Initiative.
In a statement issued, the Ministry of Finance explained that Ghana’s economy will have some level or relief as a result of the cash the government will have soon.
Speaking on Morning Starr with Francis Abban, the senior lecturer stated that the government has hijacked the economy to its corridors while businesses and Ghanaians are suffering.
“That growth we are expecting this year, we can get it because the government is going to spend. But the growth has been riding on the government and when it happens like that the growth is not distributed. We are looking at the growth that businesses are contributing and individuals are also contributing.
“In that case we call it a sustainable growth because it is a growth that encompasses but if you are running the show and the government is riding on the high interest rates to hijack all funds into its bosom. You can call it growth but it does not trickle down to the people,” Professor Mensah stated.
He continued: “The Ghanaian economy is hanging, they cannot keep the economy hanging in the corridors of the government and tickling ourselves that we are doing well economically. But the people are suffering and everybody is complaining.”
Source: Ghana/Starrfm.com.gh/103.5FM
