The Dean of the Business School at the University of Cape Coast, Professor John Gatsi, emphasized the significance for aspiring presidential candidates in the 2024 elections to focus on the government’s agreement with external creditors.
He highlighted the arrangement facilitating the disbursement of the $600 million second tranche within the $3 billion program with the International Monetary Fund (IMF).
Professor Gatsi pointed out that this agreement essentially defers debt payment to a time when a new government assumes office.
According to Professor Gatsi, while the current government may have successfully persuaded creditors to acknowledge the challenges faced by the country, the essence of governance persists as the debt-related responsibilities are merely delayed to a future administration.
This perspective underscores the need for prospective leaders to consider the implications of such financial agreements in shaping the economic landscape during their potential tenure.
Professor Gatsi’s remarks draw attention to the strategic negotiations involved in managing the country’s financial commitments and the subsequent impact on governance, urging presidential hopefuls to scrutinize the intricacies of these agreements as they prepare for the upcoming elections.
“This government will leave office at the end of 2024, a new government will come into power and that new government has the burden of paying the debt that has been shifted to the period that they will be in in power. Largely they are only going to enjoy the external creditors agreement benefits for one year.
