By 
Ghana’s economic recovery is a fragile bloom, and nurturing it requires careful stewardship. That’s the powerful message delivered by Professor Issahaku Haruna, Senior Lecturer at the Department of Finance, University for Development Studies (UDS) School of Business.
Professor Haruna has issued a timely and crucial call to the government: strengthen fiscal discipline and resolutely resist the temptation of prematurely returning to costly borrowing. His advice comes as the nation strives to solidify its economic gains and prevent a backslide into financial instability.
Speaking at a recent public lecture, Professor Haruna underscored the importance of sustained economic recovery. He highlighted that while borrowing can sometimes be a necessary tool for development, a premature reliance on high-cost loans could quickly undermine the progress made and plunge the country back into a cycle of debt, undoing the hard work and sacrifices made during the recovery phase.
His remarks serve as a vital reminder that long-term economic health hinges not just on immediate growth, but on sustainable financial practices. Avoiding unnecessary debt and maintaining stringent fiscal controls are paramount to ensuring Ghana’s economic future remains robust and resilient.
Source: Original Article
Comments