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IMF loan will not save Ghana’s economy – US Economist

The government of Ghana’s U-turn decision to meet the International Monetary Fund (IMF) for bail out is still a major topic for discussion this week.

One group feel going to the IMF is the right decision while others feel the move will not help Ghana.An international economist from the John Hopkins University, USA, Professor Steve Hanke has said the current IMF programme Ghana want to sign will fail,

According to Professor Steve Hanke, some other IMF mortgage will not shop Ghana’s financial system,He said much like the the beyond 17 IMF programmes, a new one will fail.

He additionally found out that based on trade charge facts from free and black market, annual inflation fee for Ghana can be around 49.35%.

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