Professor Godfred Bokpin Archives

29 Mar

IMF Reluctant To Approve Bailout Because Of Huge Budget Deficit – Prof. Bokpin

wontumionlineBusinessimf, Professor Godfred Bokpin

Economist, Professor Godfred Bokpin, says the International Monetary Fund’s Executive Board’s seeming reluctance to approve Ghana’s $3 billion bailout is due to the country’s huge budget deficit. According to him, the country’s 2023 budget deficit alone stands at $5 billion which is $2 billion dollars more than the IMF bailout. He stated that the only reason Ghana managed to secure a staff-level agreement is probably due to pressure from Washington following Ghana’s recent courting of the US’ favour in pursuing an IMF bailout. “And I think that in all of this it’s obvious now that the hole that has to…

Debt Exchange: We Are Creating Incentives For Political Elite To Govern, Borrow And Use Anyhow – Bokpin

wontumionlineBusinessDomestic Debt Exchange Programme, individual bondholders, Pensioners, Professor Godfred Bokpin

Professor of Finance and Economics at the University of Ghana Business, Professor Godfred Bokpin, is warning of recurrence of debt restructuring if individual bondholders and pensioners are force to sign onto the Domestic Debt Exchange Programme. According to him, the nation is creating a governance system whereby governments will mismanage the economy and then later resort to debt restructuring. “Look, if we do not correct that canker and we coerce our own people, pensioners and the rest of them, we will go through this and probably less than three years, there may be the need to restructure our debts again”,…

Debt Exchange: Financial Sector Will Collapse If Government Adds T-bills – Economist

wontumionlineBusinessDebt exchange, Financial Institutions, Financial Sector, Professor Godfred Bokpin, T-Bills

Economist and Professor of Finance at the University of Ghana Business School, Professor Godfred Bokpin is warning of the collapse of the financial sector if government includes Treasury bills in the debt exchange programme. He, however, does not expect the government to rope in Treasury bills into the debt exchange programme because that is its only source of borrowing. Speaking on the Joy FM Super Morning Show, Professor Bokpin expressed unhappiness about the inclusion of individual bondholders in the debt exchange programme, describing the move as a wholesale approach. “If you look at the financing landscape right now, that [T-bills]…