'Managers of Ghana's economy are like the managers of Manchester United' - IEA director jabs

Managers of Ghana's economy are like the managers of Manchester United – John Kwakye.

On Monday, May 6, 2024, Crystal Palace scored four goals against its opponent, Manchester United, ending the game at 4-0.

Lamenting the poor performance, the Director of Research at the Institute of Economic Affairs (IEA), John Kwakye, has drawn a striking comparison between the management of Ghana's economy and the beleaguered football club, Manchester United.

According to him, the managers of both the local economy and Manchester United seem clueless in addressing the problems confronting them.

In a post on X sighted by GhanaWeb Business, the IEA boss stated, "It seems to me that the managers of Ghana's economy are like the managers of Manchester United.

To help stabilise the economy, government, as part of measures to tame high inflation announced on July 1, 2022, its decision to seek a $3 billion financial bailout program from the International Monetary Fund (IMF).

On May 17, 2023, the IMF's executive board approved Ghana's $3 billion loan facility.