Come out with a road-map for our economy – Dr. Gatsi

An Economist with the University of Cape Coast Business school, Dr. John Gatsi says the over politicization of Debt Management in the country, is a major challenge.

According to him, the 69.8 per cent of GDP is alarming because the economy is not managed well.

New figures released by the Bank of Ghana (BoG) after its Monetary Policy Committee (MPC) meeting, shows that Ghana’s public debt reached 142.5 billion cedis as at December 2017, representing 69.8 percent of GDP.

The total debt stock in 2016 was at 122.6 billion cedis.

This means that the debt stock has almost hit the dreaded 70 percent of GDP, a point the International Monetary Fund (IMF) has constantly cautioned against.

Speaking to Accra Based radio station, Dr. Gatsi called for strategic plans to help avoid borrowing.

 

Dr. Gatsi further cited Japan, United States and France as countries with over 70 per cent of GDP; however, they are performing well because they are running the economy on a strategic plan.

He however suggested that managers of the economy should create a roadmap which will solve the problem.

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Source: Ghana|raylizaonline.com