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Showing posts from March 6, 2024

67 Years Of Independence: The State Of Ghana's Economy

It is quite imperative to note that after 67 years of independence from the shackles of colonial rule, the state of Ghana's economy has been tattered beyond repair.  Seven at the International Monetary Fund for financial stability and the World Bank for budget support. One may question the country's membership to the IMF and the WB so entitled to the loans, grants, and aid from the Bretton Woods Institution. The issue about that is the indiscriminate application from the Fund and the Bank since the attainment of independence and statehood. Most of the time our request for funds comes when all financial and fiscal indications show that we do not qualify for the fund. The Fund in turn imposes certain stringent measures to be complied with about fiscal policies, and taxation for us to meet the requirement and qualify for the funds. We are very much aware of the issues of GETFUND, ESLA, and E-LEVY as collateral to meet the financial obligation, not forgetting the controversial Deb