An economist with the University of Ghana Business School (UGBS), Prof. Godfred Alufar Bokpin, has warned of possible collapse of Ghana’s economy.
Speaking on the Joy’s Super Morning Show, as the country’s debt stock hits high distress levels, Prof. Bokpin reiterated that the current debt situation could get worse by the end of September, if proper interventions are not implemented.
“When you see the proportion of the debt payment, relative to the size of the revenue envelope and you look at your rising debt and you look at the rate of economic growth and the drivers of that growth, you can reasonably predict that it’s just a matter of time that the economy will just collapse. We’re probably going to run into a little bit more difficulties towards the end of September,” he said.
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