Cedi Performance, IMF and World Bank Are Pat of the Problem – Martin Kpebu
Legal practitioner and good governance campaigner, Martin Kpebu, has criticised the International Monetary Fund (IMF) and World Bank for what he describes as their negative role in Ghana’s economic management.
Speaking on TV3’s flagship programme Keypoints, which was sighted by Vistanewsgh.com, Mr. Kpebu expressed disappointment in the Bretton Woods institutions, accusing them of imposing directives that do not favour Ghana’s long-term growth. According to him, these external bodies are more interested in outcomes that benefit their own agenda than in protecting the welfare of ordinary Ghanaians.
He questioned the rationale behind recent advice from the IMF and World Bank cautioning government against injecting direct support into stabilising the cedi. “Why should international institutions stop Ghana from supporting its own currency at a time when businesses and citizens are struggling?” he asked.
Mr. Kpebu urged policymakers to embrace homegrown solutions rather than entrusting the country’s economic direction entirely to external actors. He warned that continued reliance on IMF and World Bank prescriptions risks undermining national sovereignty and leaving the economy perpetually vulnerable.
While acknowledging some government efforts to manage the economy under challenging conditions, he insisted that sustainable progress requires stronger fiscal discipline, improved domestic revenue mobilisation, and greater accountability.
“The IMF and World Bank cannot be more interested in Ghana’s success than Ghanaians themselves,” Kpebu stressed, calling for a decisive shift in the nation’s economic management strategy.