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Ghana’s economic downturn not only due to COVID-19 but also excessive spending – IMF

Ghana’s economic downturn not only due to COVID-19 but also excessive spending – IMF

Ghana News
The International Monetary Fund (IMF) has said that Ghana's ongoing economic challenges stem not only from the COVID-19 pandemic but also from excessive spending during election periods. The Managing Director of the Bretton Woods Institution, Kristalina Georgieva, pointed out that the impact of the pandemic could have been better managed without such spending. In an interview with Accra-based Citi TV on Monday, March 18, Madam Georgieva highlighted the importance of learning lessons from this situation. She underscored the need for emerging markets to strategically reform their policies to address external vulnerabilities. Furthermore, she emphasised the significance of operating transparently to meet citizens' expectations, particularly in countries like Ghana, as a crucial a...

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