The Institute of Fiscal Studies (IFS) has advised the government of Ghana to take firm decisions to revive the country’s economy amidst harsh economic conditions.
It says, the country’s fiscal deficit continues to deteriorate with an upsurge in the macroeconomic instability of the country.
The institute apportioned the blames to the current situation to excess borrowing by successive governments.
A Senior Research Fellow with the IFS, Dr. Siad Boakye, in an interview said, “considering the current state of the economy, government will have to stand its grounds and take some stringent decisions in its quest to revive the country amidst the harsh economic conditions.”
He suggested to the government to take the bold decision to review its flagship programs.