The deal that Ghana is seeking with the International Monetary Fund (IMF) will certainly come along with pains, a professor at the University of Ghana Business School (UGBS) Lord Mensah has said.
However, he expressed hope that there would be rewards after the pain.
Speaking on the Big Issue on TV3 Wednesday, April 12, Prof Mensah said “It is quite a complex situation looking at what is happening and the conditions that have been given to Ghana, contingent on the debt restructuring.”
“It will come with pains but we will take the pain and we hope there will be a reward to that pain,” he added.
Prof Mensah further told the government to stop giving timelines relative to the deal.
He said when timelines are given and failed, it creates uncertainties and doubts in the minds of the people.
He suggested that the government should rather focus on the process to get the deal sealed.
It is recalled that President Nana Addo Dankwa Akufo-Addo assured that Ghana was going to secure a deal with the Fund by end of March. However, that timeline failed.
Finance Minister Ken Ofori-Atta also stated that the local economy would fail if the deal was not closed by March.
But the lecturer said “Stop giving timelines because you create chaos and uncertainties in the minds of the people.”