Chief Executive of Dalex Finance, Ken Thompson, says there are strong indications Ghana’s economy is heading towards further difficulties in the coming months.
“We are heading for a crash…if you are doing a business that will be earning you cedis, don’t take a dollar loan. It will wipe you out”, he said at a lecture organised by Chartered Institute of Marketing Ghana (CIMG).
According to him, figures produced by the Monetary Policy Committee indicate that Ghana is broke.
“If you earn a thousand cedis and you spend a thousand two hundred cedis you are broke. Ghana is broke”, he stressed.
Mr Thompson cited figures from the bank of Ghana that showed that government revenue was GH¢17billion as against an expenditure of GH¢24billion.
“We got to strive for operational efficiency in this country. We are very wasteful in this country. We are extremely wasteful in this country”, he said.
