A Financial Analyst with Dalex Finance, Mr Joe Jackson has backed a comment by the World Bank Country Director, Mr Pierre Laporte that the solution to the economic challenges lies with Ghana and its people.
In a tweet, Mr Jackson said “The World Bank Director has spoken the simple truth. The solution to the economic crisis in Ghana lies with Ghanaians and our leadership. Broke Ghana, take hard decisions, Ghana can be fixed.”
Mr Pierre Laporte had indicated that though the World Bank is ready to support Ghana to address these challenges, the country and its citizens must solve the problems themselves.
- Ghana’s debt to jump to 104.6% of GDP – World Bank
- Ghana needs $1.5 billion from the IMF to stabilize its public finances and recover access to credit markets, according to the World Bank.
“Today, we bring approximately $500 million annually in support of various sectors including roads, energy, water, health, education and skills, governance, name it….to assist to improve the business environment. But in the end we are only part of the solution”, Mr. Laporte disclosed at the re-launch of World Bank/ IMF Parliamentary Network.
“The solution really lies with Ghana, Ghana, and its people. We will be there with whatever we can do to support the new thinking to contribute to the development and to provide financing”, he added.