According to a report from 3news. Banking consultant Dr. Richmond Atuahene has issued a stark warning regarding the risk of Ghana's exports being seized and sold on international shipping lanes if the country fails to meet its debt obligations over the next two years. His comments come in response to optimistic assertions made by Finance Minister Dr. Mohammed Amin Adam, who recently claimed that the Ghanaian economy is on the path to recovery after a challenging period.

During a recent event in Saboba, Dr. Amin Adam expressed confidence in the nation's economic rebound, stating, "Ghana’s economy has come back to life following the difficulties we faced in the last three years. Macroeconomic stability is fast returning to our country. We all can see the indicators improving by the day." However, Dr. Atuahene challenged this perspective during an appearance on Morning Starr, suggesting that the situation may be more precarious than the government acknowledges.

Dr. Atuahene emphasized the importance of addressing Ghana's foreign debt, warning that neglecting these obligations could lead to dire consequences. "Whether you capture it or not, you have a duty to service it," he stated, highlighting that these loans are not grants but responsibilities that must be honored.

Referencing historical precedents, he pointed to the case of Argentina, where goods were seized during shipping due to unresolved debts. "Something happened in Argentina. They were shipping some goods to Europe. Do you know that somebody in New York was able to take the commodity and sell it to pay for his debt because he saw that the way the debt had been rescheduled, there was no way he was going to be paid?" Dr. Atuahene recounted, illustrating the potential risks facing Ghana's exports.