Prof. Godfred Alufar Bokpin, a senior speaker at the College of Ghana (UG), has excused all actions by government to address the financial emergency.
He said the main choice is the Worldwide Financial Asset (IMF).
He accentuated that recent developments in the country, especially the nation's rising obligation levels is evident that going to the IMF is the main choice.
Prof. Bokpin accepts that the nation ought to have moved toward the IMF in 2021, even before the public authority introduced the 2022 spending plan.
"Assuming you look across the different areas - back payments, obligation develop and all of that, as of now, we must choose between limited options. I will say that really things are looking up for us, things are definitely looking up for us and I accept that the public authority is coming to that reality. That in itself is positive.
"The discussion has been around for quite a while. Likely the due time for Ghana to have endorsed onto the program ought to have been some place last April [2021] and presumably might have been remembered for the 2022 spending plan," he noted.
Prof. Bokpin, who has since last year been discussing the requirement for the public authority to set up great measures to tackle what is happening, said it's anything but a terrible for Ghana to go to the IMF, especially at this stage where everything appears to have self-destructed.
"We should not accept it that going to the IMF is a wrongdoing that can't be excused. I feel that as a pioneer, as a country, we currently wind up in the position where we should embrace choices on the table in light of a legitimate concern for the shared objective. To that degree I see that the ground is mellow from the side of government", he raised.
"I could be off-base and I'll love to be off-base and someone let me know that the ground is really not relaxing yet softening exceptionally quick. Where we end up now isn't great. We should move quickly… that is the very thing that I'll say", he added.
On Tuesday, June 28, the market analyst made these cases on JoySMS which was checked by Modernghana News.
His assertion follows Gabby Otchere Darko's new E-Duty groans, in which he guaranteed that the E-demand, which should be the deliverer of the country's financial emergency, has just produced 10% of the objective.
"Following 5 months of impasse and slamming, the e-demand, after execution, is conveying just 10% of assessed incomes; our incomes remain extremely low when contrasted with the remainder of the world; obligation levels perilously high, cedi, as most monetary forms, battling against the US dollar," Gabby tweeted on Monday, June 27, 2022.
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