Associate Professor at the Department of Finance at the University of Ghana Business School, Lord Mensah says the International Monetary Fund (IMF) doesn’t reflect a reformative approach by the government.
The Associate further insists that the government is still doing the same old thing.
Finance Minister, Ken Ofori-Atta, in an update on Ghana’s economy said securing the extended credit facility from the International Monetary Fund does not mean an automatic end of the economic challenges facing the country.
According to him, the IMF programme comes rather as a forerunner to the execution of a programme that will bring about the needed economic reforms.
However, commenting on the issue on Morning Starr with Francis Abban the Associate Prof stated that the government will have to get the support of Ghanaians in order to be successful in its economic agenda.
“In the short term we may have to push ourselves in the hard way. That is why I am thinking that the Finance Minister is preparing the minds of Ghanaians that it needs such support to make sure it is able to get its cards.
“Then the government activities itself like the Executive all the way to the Article 71 down and Parliament in terms of expenditure they ought to do more. The expenditure and sacrifices that are required are more or less been pushed towards the ordinary Ghanaian,” Associate Prof. Lord Mensah stated.
He continued: “But in order to get the buying of the people the leadership must take the step ahead so that the people will look at what they are doing and possibly buy into the programme. But trust me without the buying in of the people it is going to be difficult.”
Source: Ghana/Starrfm.com.gh/103.5FM
