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Dr. John Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), has cautioned President-elect John Dramani Mahama against exacerbating Ghana’s debt crisis through borrowing.
He instead proposed that Mahama concentrate on utilizing Ghana’s natural resources to create internal revenue for growth.
“The President Mahama government must focus on Ghana’s natural resources as the main source of development financing. It must eschew the habit of borrowing to stem Ghana’s recurrent debt crises,” Dr. Kwakye stated on his X page after congratulating Mahama on his election victory.
Dr. Kwakye additionally highlighted that Ghanaians anticipate Mahama to deliver the necessary transformation.
“Congratulations, President Mahama, for your bold, inspired, and hard-fought comeback. It is the hope of Ghanaians that you will use the second opportunity and your experience to bring about the necessary change to meet their aspirations through inclusive government,” he said.
NKONKONSA.com
