By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Torkornoo’s public conduct justifies her removal – Hamza Suhuyini
    June 28, 2025
    Torkornoo’s public address ‘sacrilegious’, against her oath – NDC’s Hamza Suhuyini
    June 28, 2025
    CLOGSAG to protest for better conditions of service
    NLC orders NIA to call off strike immediately
    June 28, 2025
    Respond to Torkornoo’s allegations – Minority demands Mahama, AG
    June 28, 2025
    BoG staff were on probation, not dismissed – Mahama Ayariga clarifies
    June 27, 2025
  • Business
    BusinessShow More
    Bank of Ghana cautions public against 10 unlicensed Money Transfer Organisations
    June 27, 2025
    Chief Of Staff strengthens Ghana–China investment ties
    June 27, 2025
    24-hour economy officially takes off on July 2 – Goosie Tanoh confirms
    June 27, 2025
    Consumer Groups slam PURC over unjustified 2.45% electricity tariff hike
    June 26, 2025
    GCAA and South Korea sign deal to advance Ghana’s Drone sector
    June 25, 2025
  • Politics
    PoliticsShow More
    Torkornoo’s public conduct justifies her removal – Hamza Suhuyini
    June 28, 2025
    Torkornoo’s public address ‘sacrilegious’, against her oath – NDC’s Hamza Suhuyini
    June 28, 2025
    Respond to Torkornoo’s allegations – Minority demands Mahama, AG
    June 28, 2025
    BoG staff were on probation, not dismissed – Mahama Ayariga clarifies
    June 27, 2025
    Government launches National Anti-Illegal Mining Operations Secretariat (NAIMOS)
    June 27, 2025
  • Entertainment
    EntertainmentShow More
    Akwaboah to release heartfelt single ‘Smile Again feat Nadia Buari
    June 26, 2025
    A Call for Greater Regional Representation in Ghana Music Awards Presentations
    June 25, 2025
    Sparqlyn wins 2025 APLA African Best Ghanaian Musician award in Lagos
    June 24, 2025
    W.E.B. Du Bois Museum Foundation commemorates 40th anniversary of historic Du Bois Centre’s dedication
    June 24, 2025
    Smirnoff In The Mix returns with street edition
    June 24, 2025
  • Sports
    SportsShow More
    Kotoko and Hearts set for epic showdown in 2025 President’s Cup
    June 26, 2025
    Ghana Swimming Association inaugurates LOC for Africa Aquatics Zone 2 Junior and Senior Swimming Championships
    June 26, 2025
    Para Athletics Association of Ghana schedule for nationwide talent identification program
    June 26, 2025
    CAF confirms registration dates and match schedule for 2025/26 interclub competitions
    June 26, 2025
    Black Queens defeat Benin 4–2 in WAFCON 2025 warm-up clash
    June 25, 2025
  • Technology
    TechnologyShow More
    GCAA and South Korea sign deal to advance Ghana’s Drone sector
    June 25, 2025
    Onafriq, PAPSS partner to launch cross-border payment services in Ghana 
    June 20, 2025
    Yellow Card, Visa partner to accelerate stablecoin adoption across emerging economies
    June 19, 2025
    Samsung takes Galaxy Z Series to a new era
    June 18, 2025
    AgriTech Challenge Pro showcases potential of the agricultural sector to create jobs for the youth
    May 29, 2025
  • International
    InternationalShow More
    Indian Prime Minister to visit Ghana July 2–3 for bilateral talks
    June 27, 2025
    Starrfm.com.gh
    Former Ambassador to U.S. lied about optional services at Embassy – Ablakwa fires back
    June 26, 2025
    Ghana risks US visa ban over high student overstay rates – Okudzeto Ablakwa
    June 26, 2025
    Save lives, don’t drop bombs – Mahama urges world leaders at Gavi summit
    June 26, 2025
    GCAA and South Korea sign deal to advance Ghana’s Drone sector
    June 25, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Akufo-Addo’s UN message on ‘skewed’ Int’l financial structure not compelling – Gatsi
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
GeneralHeadlines

Akufo-Addo’s UN message on ‘skewed’ Int’l financial structure not compelling – Gatsi

Isaac Dzidzoamenu By Isaac Dzidzoamenu Published September 22, 2022
Share
SHARE

Dean at the University of Cape Coast Business School (UCCBS), Prof John Gatsi says aspects of President Akufo-Addo’s message at the UN in relation to a skewed international financial structure at the disadvantage of developing and emerging economies are not compelling.

His comment comes on the back of President Akufo-Addo’s address at the UN’s 77th General Assembly, accusing framers and players of the international financial market operators of bias against African Countries.

The President argued that barriers are deliberately created to deny Africa the support granted other developing countries during crisis moments.

But speaking on the Morning Starr with Francis Abban Thursday, the UCCBS Dean stated that the International Community is aware of the modus operandi of African leaders and how they do not take governance seriously on the continent.

“In 2000 and 2001 the International market led by the IMF and World Bank granted debt forgiveness and many other packages in terms of managing their debt. As soon as African countries got out of the HIPC initiative they were doing worse than what led them to apply for the HIPC initiative.

“The market is aware of the corruption and the power-drunk nature of most African countries and their leaders. The market is aware of how they don’t take any instruction even from the World Bank in their fiscal management. They (International market) know how they (Africa) conduct their elections.

“They know how they spend State money to win elections and after that they go back to difficulties. The market is aware that when we borrow we do not show value for the borrowing. We borrow for things that are not necessary,” Prof John Gatsi argued.

The UCCBS Dean also mentioned how most African countries mismanaged COVID-19 funds that were disbursed by the World Bank and the International Monetary Fund including the West African nation.

“The IMF is not satisfied with the way African countries including Ghana spent the COVID money. To the extent that in the Article 4 Registration report in 2021 they demanded Ghana to do COVID-19 expenditure audit,” Prof. Gatsi added.

Source: Ghana/Starrfm.com.gh/103.5FM

You Might Also Like

Torkornoo’s public conduct justifies her removal – Hamza Suhuyini

Torkornoo’s public address ‘sacrilegious’, against her oath – NDC’s Hamza Suhuyini

NLC orders NIA to call off strike immediately

Respond to Torkornoo’s allegations – Minority demands Mahama, AG

BoG staff were on probation, not dismissed – Mahama Ayariga clarifies

TAGGED:AUPresident Akufo-AddoUN
Share This Article
Facebook Twitter Email Print
Share
Previous Article We killed student nurse for money ritual – Suspects
Next Article Bawku: Basic schools demand closure over renewed violence

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?