Ghana needs resilient policies, not repeated IMF bailouts – Prof. Oteng-Abayie

Country Representative of the IMF, Adrian Alter, believes that streamlining tertiary education to meet job market demands and relaxing certain financial policies for SMEs are key to building a stronger economy.

An economist at the Kwame Nkrumah University of Science and Technology (KNUST), Professor Eric Oteng-Abayie, has called on Ghana to adopt resilient, long-term economic policies capable of transforming the economy instead of relying on repeated support from the International Monetary Fund (IMF).

Oteng-Abayie identified low labour productivity, limited adoption of technology and inefficiencies in public spending—particularly in infrastructure, education and healthcare—as major constraints to Ghana’s economic progress.