Multiplying your credit demand won’t transform anything – Prof Steve Hanke tells govt

Steve H. Hanke, a teacher of applied financial matters, Johns Hopkins University, USA, has expressed that Ghana’s twofold credit demand from the International Monetary Fund, IMF, won’t tackle the desperate financial emergency of the country.

Prof Steve Hanke
Multiplying your credit demand won’t transform anything – Prof Steve Hanke tells govt

 

As per him, Ghana’s ongoing IMF bailout will flop as the rest has bombed before.

Prof Hanke encouraged the West African country to mothball its national bank and introduce a cash board to manage the ongoing financial emergency.

He demonstrated that Ghana’s ongoing expansion as estimated from Hanke’s Inflation Dashboard peruses 63%.

“In July, Ghana’s Pres. Akufo-Addo passed the asking bowl to the IMF – for the seventeenth time. Today, GHA’s expansion floods at 63%/yr by my action. To stop it, a cash board is what a decent Money Doctor would endorse.

Ghana’s ongoing expansion rate is fiction and way off – Prof. Hanke exposes GSS rate

“Ghana has DOUBLED its advance solicitation from the IMF to $3 billion. Heads up: Requesting more cash won’t modify anything. Like Ghana’s beyond 17 IMF programs, another one will fall flat. All things being equal, Ghana should mothball its national bank and introduce a cash board,” Prof Steve Hanke’s August 13, tweet read.

 

Use your ← → (arrow) keys to browse

Next Post

Ghana's high food costs will go on for quite a while - Lecturer

Sun Aug 14 , 2022
Dr Patrick Asuming, a senior speaker at the University of Ghana Business School, has expressed that the costs of food may not diminish at any point in the near future, as Ghana’s expansion will stay high for quite a while.     He said on TV3’s ‘Central issues’ program on […]
Ghana's high food costs will go on for quite a while - Lecturer