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Public Corruption in Ghana and Its Influence on Monetary and Fiscal Policy Making

Frank R. Gunter, Ph.D. and Todd A. Watkins, Ph.D. Lehigh University, Bethlehem, PA, USA Draft, February 2025

Why public corruption in Ghana matters Ghana’s December 2024 election, occurring in the wake of the country’s worst economic cri sis in decades, presents a critical opportunity for substantive reform. The economic crisis offers stark lessons in how corruption undermines both fiscal and monetary policy effectiveness. Sys temic corruption has corroded the basic machin ery of economic management, with entrenched patronage networks rendering conventional pol icy tools increasingly ineffective. The December 2022 sovereign default and subsequent Interna tional Monetary Fund (IMF) bailout—Ghana’s 17th since independence—reflect not just exter nal shocks but also the culmination of systematic governance failures   READ MORE.

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