Ghana’s economy is in the tank – Prof Steve Hanke asserts - www.asempanews.com

Professor of applied economics at Johns Hopkins University in the United States, Steve Hanke, has suggested that the country’s economic outlook does not look favourable.

GHA must mothball its central bank and install a currency board,” Prof Steve Hanke tweeted.

What Professor Steve Hanke has said on Ghana’s economy in the past

Professor Steve Hanke has for some time now been monitoring Ghana’s economic growth and putting a spotlight on it.

This, he said, has made the West African country which is on the brink of debt default while labeling it as “a poster child for economic mismanagement.”

Ghana has become a poster child for economic mismanagement and is now on the brink of default,” Prof Steve Hanke’s tweet on August 2 read.

He has also predicted that Ghana’s return to the International Monetary Fund will fail like its previous programmes.