Joe Jackson has explained that Borrowing is not a choice. We can’t exist without borrowing. We have gone past that point. Not to borrow will crash the economy,” he stated.
Mr. Jackson also stated that the country’s current debt stock of GHS332 billion, means Ghanaians must prepare for a tough economic period ahead.
“For anyone who thinks life is going to be easy, it is going to be a tough time,” Mr. Jackson warned.
He also concluded that the current state of the economy means the Akufo-Addo led administration has no choice but to fall on the IMF for support.
“The conversation has to be how we make it as politically palatable as possible,” he said this on Citi FM’s political show, The Big Issue.