Mr. Easterly goes to Ghana

"An Economics Professor at the University of New York has chastised Ghana's donor institutions for interfering in the nation’s economic policies.

Bill Easterly, who singled out the World Bank and the International Monetary Fund for attack, said foreign aid does not guarantee the needed economic growth Ghana so desperately requires.

At an interactive session with visiting students from the University of New York and Graduate Students of the University of Ghana in Accra, the economist said aid donors have a long history of dictating policies to poor countries, which in the long run does not benefit those countries.

"Foreign aid does not help, but hurts poor countries like Ghana,” Easterly insisted.

According to the former World Bank Director, Ghana has little input in how its donor partners mold their economic policies for the country.

He asked, “Where will Ghana’s growth come from over the next ten years?” adding, “the solution is simply not from foreign aid”.

- Economics don accuses IMF, WB of 'interference' in Ghana

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