The World Bank Country Director for Ghana Mr. Pierre Laporte has revealed that Ghana’s economic situation is very serious.
Speaking at the 65th Independence Day Lecture held at the Economics Department of the University of Ghana, Legon, on Monday, March 7, 2022, on the ‘state of the nation’s economy and politics, 65 years after independence, the path to sustainable development and democratic consolidation,
“Is it a really serious situation? Well, the numbers speak for themselves”, he noted, emphasizing: “The situation is very serious”.
“At the World Bank, we’ve not hidden the fact when we’ve held discussions with government officials and even the head of state that Ghana faces a very tough road ahead to restore macro sustainability,” Mr. Laporte pointed.
According to him, although COVID-19 takes some of the blame for the current situation, the signs were on the wall way before the pandemic started.
“Yes, COVID-19 has not helped but even before COVID-19, there were signs that the situation was getting a little bit challenging”, he stated.
“So, the key thing is to be transparent with the people”, he said.
