Lecturer at UGBS, Prof. Godfred Bokpin
A lecturer of finance at the University of Ghana Business School (UGBS), Prof. Godfred Bokpin, has highlighted that the hard economy of Ghana is marked by economic disruptions and policy failures, of which many citizens continue to suffer the consequences.
Ghana’s economy, defined by the World Bank in 2019 as the world’s fastest-growing economy, has declined.
Factors contributing to this decline include high levels of government debt, inflation, energy costs, low agricultural productivity, and regional trade inefficiencies.
As Ghana has a complex economic landscape, experts warn that many citizens will continue to suffer the consequences.
The ongoing struggles of vulnerable populations have been highlighted alongside macroeconomic indicators suggesting recovery, but the reality for many remains dire.
Speaking on Morning Starr with Naa Dedei Tettey, Prof. Bokpin said that when political policy fails, it causes economic disruptions that might be difficult to correct.
“There can be external factors and all of …