Macroeconomic stability cannot justify environmental destruction – Prof Bokpin

Professor of Finance and economist at the University of Ghana Business School (UGBS), Godfred Bokpin, has criticised attempts to justify the destruction of Ghana’s environment with the macroeconomic gains associated with gold trading.

Prof Bokpin maintained that the assessment of Ghana’s gold sector should go beyond foreign exchange earnings, reserve accumulation and improvements in key economic indicators.

According to him, Ghana risks sacrificing its long-term sustainability for short-term economic gains if environmental destruction continues to be treated as an acceptable cost of economic growth.