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Economist Prof George Ayittey says Ghana�s Government is broke. �We have a Government which is broke. It doesn�t have any savings�, the retired Economist said Thursday. According to him, �the Government has been borrowing a lot of money. Fitch recently downgraded Ghana bonds from a B+ to a B and we have a situation where the country is drifting and we don�t know where we are going�. He said while tax revenue and grants amount to Ghc17 billion, recurrent expenditure is Ghc15.5 billion and capital expenditure is Ghc5 billion with arrears and interests of Ghc 4 billion, which mean the Government has no savings. �It�s spending more than its revenue�. At a press briefing on �the state of the Ghanaian economy and proposals to reverse the downward trend�, the retired Professor of Economics at the American University and Visiting Senior Fellow at the Institute of Economic Affairs, said the Government has inherited a �huge structural deficit problem� coupled with �a scourge of corruption� which are further plunging the country�s economy into the abyss. He said the President must make difficult political choices in order steer the economy back on track.