A development economist and lecturer at the
University of Ghana, Dr George Domfe, has raised concerns about the country’s fiscal direction, particularly the reported use of borrowing to finance public sector salaries.
In a Facebook post shared on March 25, 2026, Dr Domfe questioned the rationale behind what he described as borrowing as much as GHS 17 billion to pay salaries, suggesting that such an approach raises serious concerns about economic management.
He argued that measures such as injecting dollars into the market to stabilise the cedi may create only temporary relief, while underlying issues
like revenue mobilisation remain weak.
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