The International Monetary Fund’s (IMF) classification of Ghana as a Low-income economy is a narrow way of defining a country’s economic status, Professor Peter Quartey has said.
Prof Quartey, who is the Head, Economics Division, Institute of Statistical, Social and Economic Research (ISSER), University of Ghana, said just looking at the fiscal data, revenue, expenditure, and debt to GDP did not tell the total story of a country.
Prof Quartey reacting to the current IMF’s classification of Ghana as a Low-Income Developing Economy in its April 2020 World Economic Outlook, said compared to the World Bank classification, it looked at a country’s per capital income.
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The International Monetary Fund’s (IMF) classification of Ghana as a Low-income economy is a narrow way of defining a country’s economic status, Professor Peter Quartey has said.
Head of Economics Division, at the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Prof Quartey said just looking at the fiscal data, revenue, expenditure, and debt to GDP did not tell the total story of a country.
Prof Quartey reacting to the current IMF’s classification of Ghana as a Low-Income Developing Economy in its April 2020 World Economic Outlook, said comparing IMF’s classification to that of World Bank, the World Bank classification, looked at a country’s per capital income.
Ghana is middle-income country, not low-income country — Prof Quartey modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.
The International Monetary Fund’s (IMF) classification of Ghana as a Low-income economy is a narrow way of defining a country’s economic status, Professor Peter Quartey has said.
Prof Quartey, who is the Head, Economics Division, Institute of Statistical, Social and Economic Research (ISSER), University of Ghana, said just looking at the fiscal data, revenue, expenditure, and debt to GDP did not tell the total story of a country.
Prof Quartey reacting to the current IMF’s classification of Ghana as a Low-Income Developing Economy in its April 2020 World Economic Outlook, said compared to the World Bank classification, it looked at a country’s per capital income.