Steve Hanke, a teacher of Applied Economics at John Hopkins University, has handled President Nana Addo Dankwa Akufo-Addo and the supervisors of Ghana’s economy for the financial troubles confronting the country.
The Professor who has some time currently been checking what is going on has been putting some focus on it with his #EconWatch which among others estimates Ghana’s expansion everyday. He accepts the Akufo-Addo-drove government is blundering the economy, an outcome is the ongoing situation confronting the nation and racing to the IMF for a bailout program.
Sharing a story distributed by GhanaWeb of GUTA taking steps to close shops over the Cedi devaluation and high expansion, Prof Hanke tweeted that Ghanaians are closing down organizations in dissent of the 42.3% Ghana Cedi deterioration to the US Dollar.
He asked when will Nana Addo Dankwa Akufo-Addo will learn, on the grounds that the ongoing money deterioration required the establishment of a “cash board.”
For quite a while, he has been instructing the President concerning the Republic to mothball the Bank of Ghana, yet all without any result.