Ghana has not moved beyond macroeconomic stability since 1992 - Prof Godfred Bokpin
Professor Godfred Bokpin, an economist and Professor of Finance, stated on Tuesday, August 11, at a public lecture organized by the Office of the Head of the Civil Service, that "People of Ghana, since 1992, this economy has not moved beyond macroeconomic stability. We have been struggling with instability, and we go through a painful process to restore macroeconomic stability, only for us to undo that again."
Prof Bokpin said the country has spent the past three decades moving between periods of economic instability and painful recovery processes. He described the cost of restoring economic stability over the years as enormous and increasingly unbearable for the country, beyond what its tax potential can handle. He added that Ghana has reached a stage where fiscal consolidation alone is no longer enough to restore macroeconomic stability.
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Professor Godfred Bokpin has highlighted Ghana's persistent struggle with macroeconomic stability since 1992, despite continuous efforts to restore
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