The directive by President Akufo-Addo to the Finance Minister, Ken Ofori-Atta on Friday to initiate discussion with the IMF for support has engendered mixed reactions from various stakeholders.
Whilst some are commending the government for taking the right decision, others, mainly members of the opposition National Democratic Congress are deriding the government for wasting so much time to take a step which is long overdue.
In their criticism, the NDC functionaries have particularly teased the Finance Minster, Ken Ofori-Atta and his deputy, John Ampontuah Kumah, for stating strongly that government will not seek the support of the Bretton Woods institution.
This position subsequently changed to, "We will seek support from the IMF if it becomes necessary" during an interview with JoyNews George Wiafe on JoyNews PM Express.
Consequently, speaking in an interview with TV3 on Friday, July 1, Dr. Kumah made a u-turn on his initial stance regarding government seeking support from the International Monetary Fund (IMF).
According to him, “Our objective as government is to restore confidence in the economy and rebound it from the difficulty, from the challenges, not only in Ghana but almost all economies around the world.
“We believe that where we stand now, an IMF intervention will help us come out quicker than we could. We hope that it will benefit the country,” he said on Friday, July 1.
Below is a video on Dr. Kumah's arguments against seeking IMF support in managing the economy when the calls by numerous stakeholders were so loud.
Latest Stories
-
Cleaner to stand trial over Cashier’s death at Twumasiwaa Hospital
5 mins -
Global financial institutions call for comprehensive treaty to end plastic pollution
16 mins -
Electoral processes, ethnoreligious cleavages threats to Ghana’s 2024 election – WANEP
16 mins -
Harnessing intuition, reasoning, and memory to navigate the AI age
42 mins -
Azumah Nelson Sports Complex: Gov’t advised to terminate project contract
57 mins -
Dumsor will be a thing of the past soon – Bawumia assures
1 hour -
Why do you always run to the media? – EC quizzes IMANI
1 hour -
Francis Doku charges government to market traditional festivals
1 hour -
Ghana records an average of 9,900 snakebites annually
1 hour -
Fella Makafui sets record straight on relationship with D-Black
1 hour -
CEGENSA celebrates mentors for nurturing UG’s upcoming female leaders in academia
1 hour -
Dr. Bawumia begins Eastern regional tour with religious leaders in Akropong
2 hours -
Akosombo Dam Spillage: Would victims have been ignored if they were in swing constituencies – Ablakwa fumes
2 hours -
Have capacity to influence policy – former MiDA boss to engineers
2 hours -
Silva to leave Chelsea at end of season
2 hours