Financial Economist Professor Lord Mensah has suggested that Ghana is unlikely to see major economic benefits from the re-election of Donald Trump as U.S. President, due to Ghana’s ongoing debt challenges.
In an interview with Citi Business News, Professor Mensah noted that while Republican administrations often coincide with economic growth in the U.S., Ghana’s current financial constraints could prevent the country from leveraging any potential economic spillovers under a Trump presidency.
“He [Donald Trump] also stands for business and I can tell you that anytime Republicans are in power, that’s when you see the American economy pick up internally and investor confidence grows within the American economy.
“But then with Ghana’s situation now, I don’t think when it comes to business, we are going to get many economic spillovers because of our debt situation because no country will like to deal with us when it comes to business.
“Donald Trump will not encourage giving aid or freebies as the Democrats will do. But if it turns up to be business that they have to do with Ghana, then obviously we are not in a good position to have business with America now looking at our debt situation,” he said.
“When it comes to bilateral businesses between country to country then I can say that Ghana as we sit now, we are not in a good position to be in business with America because Donald Trump stands for business. For him any decision that he is taking has to do with mutual benefit,” Professor Lord Mensah subsequently added.
Donald Trump won the tightly contested 2024 U.S. presidential election, defeating Vice President Kamala Harris.
This victory marks a historic comeback, as Donald Trump secures a second term in office.
Donald Trump has vowed to prioritize economic growth for Americans and to implement comprehensive immigration reforms during his second stint in the White House.
