An Economist, Dr. Ebo Turkson is asking government to use the $940 million support package from the International Monetary Fund(IMF) to tackle infrastructural imbalance in the country.
Ghana is expected to receive $940 million from the IMF to help transform the economy.
[contextly_sidebar id=”PCcsMYcNHs6jXKnPGRfueAiAaPh0oVjj”]Speaking to Citi News, Economist and Senior Lecturer at the University of Ghana Dr. Ebo Turkson said the money will help tackle infrastructural imbalance to a “large extent”
“If the money is going to be used to build infrastructure so that in the medium term, Ghana is going to be better of then we can make those sacrifices now but if this money is not going to be put into good use like if we have always found from our leaders then I don’t think it is worth,” he added.
Meanwhile, Energy Consultant, John Peter Amewu believes the impact of the IMF’s bailout will be eroded if the current energy crisis persists.
“If we don’t address the energy problem, the IMF’s input of course will be eroded because energy is a partial interest of any democratic dispensation in terms of growth,” he stated.
In a related development, the Association of Ghana Industries (AGI) says it will welcome the IMF’s deal with Ghana if only it will lead to macroeconomic stability.
Speaking to Citi News the President of the AGI, James Asare-Adjei said: “What we can’t bear as industrialists is to face myriad of problems and challenges from all quarters and so if the IMF deal will help bring macro stability…then we welcome such initiative”
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By: Marian Efe Ansah/citifmoline.com/Ghana