{"id":604964,"date":"2019-04-04T10:22:17","date_gmt":"2019-04-04T10:22:17","guid":{"rendered":"

\u201c[Government] is imposing restrictions on growth. It is unacceptable,\u201d says a Finance Professor at the University of Ghana.<\/p>

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Ghana\u2019s economic \u201cfundamentals\u201d have been met, according to <\/span>Mr.<\/span><\/span><\/span> Vice President\u2019s remarks at the Economic Management Team town hall meeting Wednesday, but a senior finance expert disagrees.<\/span><\/p>\n

On the Super Morning Show Thursday, Professor Godfred Alufar Bokpin, an economist and Professor of Finance at the University of Ghana, denounced Mahamadu Bawumia\u2019s observations, suggesting that the country is going far below its potential.<\/span><\/p>\n

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\u201cThere is <\/span>an increasing<\/span><\/span><\/span> inequality in Ghana,\u201d said Bokpin, who is also an IMANI fellow. <\/span><\/p>\n

He explained that most capital in the country comes from foreign investors. In exchange, Ghana provides them with resources, but that return on capital is low. <\/span><\/p>\n

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Professor Godfred Alufar Bokpin is an economist,\u00a0Professor of Finance at the University of Ghana and IMANI fellow.<\/b><\/span><\/p>\n

\u201cForeign investors are benefiting but we are lacking,\u201d he said. \u201cGrowth is driven by internal sectors and job creation.\u201d<\/span><\/p>\n

Hydrocarbon production, mining, oil and gas were economic drivers for the economy last year, but because of foreign interests, \u201cwe recorded growth that we were unable to sustain.\u201d<\/span><\/p>\n

But of all the issues rattling Ghana\u2019s economy \u2013 even more than the cedi, which is currently being eaten alive by the dollar \u2013 resource allocation has been the country\u2019s biggest challenge.<\/span><\/p>\n

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