Investors are reportedly in a panic due to the speed at which the Government of Ghana and the International Monetary Fund (IMF) are negotiating a US$3 billion program, according to Dr. John Kwakye, Senior Economist and Director of Research at the Institute of Economic Affairs (IEA).

He claims that the Ghana cedi has been more negatively impacted by this investor panic than the US dollar.

He bemoaned in a series of tweets that rather than responding to it, economic managers are sitting aloof and acting as if nothing is occurring.

This, behaviour, Dr Kwakye added, is unacceptable.

"The IMF is moving at a snail's pace in negotiating Ghana's program, as if nothing is at stake. The delay and uncertainty are fueling speculation and panic in the investor community, causing continued damage to the cedi. Yet our economic managers stand aloof. This is unacceptable!" Dr. Kwakye tweeted.

He further observed that the government of Ghana at the moment does not have enough money to meet its economic obligations which have exacerbated its inflation growth.

"Sadly, the economy is being run aground. Gov't doesn't have money to meet its obligations. Ghana has one of the highest inflations in the world. The cedi is one of the worst-performing currencies. Our debt is rising to pre-HIPC levels. And yet our economic managers stand aloof," Dr. Kwakye tweeted further.