A senior Lecturer and Economist at the University of Ghana Business School, Professor Godfred Bokpin has shared that, the Ghanaian economy has seen its recovery but it is not back to pre-Covid status.
According to him, even though the economy is not its recovery stage after the IMF and debt restructuring, there are more works to be done to return it to how it was before COVID took over. He shared that, the Foreign exchange does not match up to the recovery mode hence the need to do more.
He also emphasized that, Private Sectors have not fully recovered yet from the damages the economy faced them with, the more reason the government needs to put stricter measures to ensure full recovery. He also indicated that, the recovery of the economy needs to be seen in interest rates but not yet.
“Interest rate necessary hasn’t come down, we have seen some recovery but we cannot say the economy has revived to pre-covid level. We are not there yet, ther is still a lot we have to do”, he said.
His comments follows the President’s Wednesday, November 20, 2024 comment that, the economy is recovering during the commissioning of the new Bank Square of the bank of Ghana
