Posted 3/15/2024, 1:59:48 AM
Years of Overspending and Mismanagement, Not Just Recent Crises, Brought Ghana to the Brink
- Decades of reckless spending and economic mismanagement, not just Covid-19 and Russia-Ukraine war, caused the crisis
- Overspending has become an entrenched cultural practice over the years
- Lack of fiscal discipline has been a long-term issue spanning multiple governments
- Laws and institutions to clamp down on economic mismanagement have been ineffective
- Mindset change and commitment to fiscal responsibility needed to avoid Ghana becoming a failed state
