Ghana back to IMF bailout: John Mahama welcomes decision

John Dramani Mahama
John Dramani Mahama

The former President, H.E John Dramani Mahama has welcomed the decision of President Akufo-Addo to formally engage the International Monetary Fund (IMF).

The former President, indicated that, though belated, it should mark an important step towards addressing the dire economy situation which has left Ghanaians wallowing under intense suffering and hardships.

President Akufo-Addo on July 1, 2022 directed the Finance Minister, Ken Ofori-Atta to commence formal engagement with the IMF for support on economic program put together by the Government of Ghana.

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President Mahama indicated that, beyond the announcement of engagement with the IMF, a comprehensive home-grown programme should be fashioned out and presented to the Fund for support.

He gained suggested that a team of skilled and competent negotiators is put together to obtain the best set of measures with the Fund.

Mahama however, urged that the Finance Minister, who has supervised the disastrous collapse of the economy should not be part of the team of negotiators because he has lost credibility and the trust and confidence of stakeholders in our economy.

He further indicated that, we must all draw useful lesson from this episode and avoid cheap politicking with the economy; that can only yield the disastrous outcomes that have brought us here.

Source: Coverghana.com.gh

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