Development Economist and Head of Research at the Danquah Institute (DI), Dr.
Frank Bannor, has cautioned against downplaying or ignoring the influence of global economic forces in discussions about the current economic landscape in Ghana. In an interview on the Badwam Show on Moday October 28 he emphasized that dismissing the impact of exogenous factors-external forces such as COVID-19 and the Russian-Ukraine war, which caused global market shifts, affected international trade policies, and geopolitical dynamics-is not only misleading but, in his words, "political propaganda."Dr.
Bannor underscored the global economy's interconnected nature, noting that worldwide economies are increasingly affected by issues that transcend national borders.
According to him, any comprehensive economic analysis must account for these external influences, as they significantly affect everything from inflation rates to currency stability."In a globalized world, local economies do not operate in isolation.