Ghana has not moved beyond macroeconomic stability since 1992 – Prof Godfred Bokpin

Economist and Professor of Finance Godfred Bokpin has said Ghana’s economy has struggled to move beyond macroeconomic stability since 1992, despite repeated efforts to restore confidence and sustain economic growth.

He said Ghana needed to break the cycle of instability and move beyond efforts merely aimed at restoring macroeconomic stability towards achieving sustainable economic development.

That tells us why, quite recently, we have had to go beyond the traditional fiscal consolidation based on expenditure restraint and revenue enhancement as a way of restoring macroeconomic stability," he said at a public lecture organised by the Office of the Head of the Civil Service on Tuesday, August 11.