Chartered economist, Bernard Oduro Takyi, has alleged that Ghana is facing a 32-month suspension from the international bond markets due to allegations of economic mismanagement and the implementation of the Domestic Debt Exchange Programme (DDEP).

This suspension has effectively prevented Ghana from accessing funds through international bond markets. Mr. Takyi made this revelation in response to the Finance Minister's claim that the Ghanaian economy is rebounding, which has led to continued loans from donor partners.

He challenged the Finance Minister to try borrowing from the bond market if the economic situation is as positive as claimed.

During an interview on Accra 100.5 FM's mid-day news on September 18, 2023, Mr. Takyi emphasized that there is a 32-month injunction on Ghana's ability to access the international bond market.

He expressed concern that it could take Ghana approximately 50 years to recover from the current economic challenges, which he attributed to the actions of the Finance Minister, the Bank of Ghana, and other state institutions.

Mr. Takyi also criticized the Finance Minister for engaging in public relations efforts on behalf of the Bank of Ghana, especially in light of allegations that the bank had printed around 38 billion Ghana Cedis for the government.

"The Finance Minister in an article titled: 'Citizens - Standing Strongly With The Bank of Ghana', hinted at certain corporate governance amendments at the central bank.

"As the Minister of Finance, I do have opinions about the reforms needed to strengthen the governance of many financial institutions including the Bank of Ghana", he said, indicating: "But this requires a positive and sober national debate on the governance structure".

The analyst said that the country's economic development, which was tallied under the National Democratic Congress administration led by former President John Dramani Mahama, was cosmetic rather than true growth.