Ghana: Prof slams World Bank, IMF policies

The policy prescriptions of the World Bank and International Monetary Fund (IMF) have failed to change the fundamentals of the economies of African countries and must be re-examined for the continent to develop, says a Professor of Law. 'The fundamentals remain unchanged. That the structure of African economies remains unchanged means that there will be no meaningful development,' Prof. Akilagpa Sawyerr, a member of the Council of State, said at the launch of 'The Oxford Companion to the Economics of Africa' in Accra.