Mon. Jul 22nd, 2024

Ghana’s former President John Mahama has blamed the country’s economic woes on corruption, mismanagement of Covid-19 funds, excessive borrowing and the high cost of banking reforms, among other factors.He was reacting to comments by IMF managing director Kristalina Georgieva, who attributed the country’s economic challenges to the global pandemic and Russia’s invasion of Ukraine.The government of President Nana Akufo-Addo has said the crisis is due to external factors.Ghana’s economy has been struggling of late, with inflation over 30%.The government is currently holding talks with the IMF to secure a three-year bailout programme worth $3bn ($2.6bn).

By Joy

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