IMANI Can Oversee Ghana’s ‘Awam’ Economy with a Few Top Global Thinkers – Franklin Cudjoe

Franklin Cudjoe, the Founder and President of IMANI Africa, has boldly stated that his organization is capable of effectively managing Ghana’s troubled economy.

His comments come amid criticism of the government’s approach to tackling the country’s economic difficulties, particularly its high inflation rates.

In a social media post, Cudjoe expressed his frustration with Ghana’s economic situation, drawing a stark contrast with Sri Lanka’s recovery efforts.

He pointed out that, although both nations faced severe economic crises, Sri Lanka had made significant progress in its recovery after reaching an agreement with the International Monetary Fund (IMF).

“Both Ghana and Sri Lanka were severely impacted by poor economic management. Sri Lanka even ousted its president and government, almost sparking violence. Then they turned to the IMF, which after failed negotiations on handling their debt, secured a solid deal of about $2.9bn, just slightly less than Ghana’s $3bn. Yet, just a year after, Sri Lanka is seeing impressive results. Inflation is under 1%, and the central bank is acting decisively. Ghana? Inflation remains high! The Bank of Ghana is focused on costly buildings, and the head of the Economic Management Team is absent while campaigning for bold moves in Ghana. Unbelievable!” Cudjoe lamented.

Emphasizing his confidence in IMANI’s capabilities, Cudjoe argued that managing Ghana’s economy is not as complex as it is often made out to be. He proposed that with IMANI’s expertise, a handful of renowned global thinkers, and the practical knowledge of Ghanaian businesspeople with non-formal education, the country’s economic challenges could be addressed.

“Don’t be fooled into thinking this economy is too difficult to manage. My IMANI team and I can handle this struggling economy with just a few world-class thinkers and Ghanaian entrepreneurs who have non-formal education! Tweaa,” he asserted.

Cudjoe’s remarks highlight the increasing public dissatisfaction with Ghana’s economic direction, particularly as the country struggles to stabilize inflation and manage its debt under the IMF’s bailout program.