World Bank officials have expressed concern about Ghana’s present economic situation, which they say is worse than what the government is saying.
Government officials in Ghana’s New Patriotic Party (NPP) are advised to use caution while discussing the country’s economic situation by World Bank Country Director Pierre Laporte
The World Bank Country Director labeled Ghana’s economic position as “extremely bad” at a public lecture organized by the OneGhana Movement on Monday, March 7, 2022.
“Is this an actual problem?” It’s hard to argue with the data. The current state of affairs is dire. When we’ve spoken with government officials and even the head of state at the World Bank, we haven’t obscured the reality that Ghana confronts a very difficult path to restore macro sustainability,” Pierre Laporte said.
“It’s true that COVID-19 didn’t assist. Before COVID-19, there were signals that things were becoming more difficult. Being honest with the public is thus essential. But not everyone is as well-informed as we are,” he continues.
We need to speak about the figures in this way since not everyone knows what they signify. He went on to say, “More importantly, we must find answers to the issue.”
He recently emphasized the significance of increasing Ghana’s budgetary room for growth by President Nana Akufo-Addo.
A modern and wealthy Ghana, in his view, can’t be built by him alone. He consequently requires everyone’s help.
President John Dramani Mahama said he aims to “turn Ghana into a world-class economic powerhouse that benefits every single Ghanaian.”
“The promise I made to assist Ghana become a better and more successful country will not be broken. But it’s not going to be me all by myself. If we are to get back on our feet and create a Ghana that is independent of foreign help, I need each and every one of your support “he said,
