Funds expected from IMF might be received in first quarter of next year- Peter Terkper

He said though the COVID Pandemic and the Russia-Ukraine war have contributed to the current economic difficulties, the effects could have been minimal had it not been the numerous flagship programs being implemented by the government.

According to him, the country is negotiating with the IMF for financial assistance because government was unable to control its expenditure.

Meanwhile a lecturer at the University of Ghana, Professor Godfred Bokpin said the pandemic did not affect other countries like Togo and Cote d’ I’voire differently than it affected Ghana, but their economies are better than ours.

He mentioned the large government size as needless, calling for a review in the various offices. He attributed different strikes in the country to government inefficiencies.