A former Deputy Minister for Information, Felix Kwakye Ofosu, says he is wondering the condition of the Vice President, following the President's directive for the Finance Minister to engage the International Monetary Fund (IMF).

In a tweet on Friday, the former government appointee wrote, "I can only imagine the panic that has gripped Bawumia following the announcement of an IMF program by his bungling government".

I can only imagine the panic that has gripped Bawumia following the announcement of an IMF program by his bungling government.

— Felix Kwakye Ofosu (@FelixKwakyeOfo1) July 1, 2022

Speaking in an earlier interview with Benjamin Akakpo on the AM Show on Friday, Mr. Kwakye Ofosu accused government of grossly mismanaging the economy and thereby creating an unfavourable fiscal situation for the country.

In his submissions, he bemoaned the increasing levels of corruption and the inability of government to crack the whip on government appointees who dissipate state funds.

Touching on the controversial issue of the National Cathedral, he also expressed his sentiments about the lack of transparency that characterised the project.

Mr Kwakye Ofosu therefore added to earlier calls by other leading members of the NDC, for government to suspend the project.

Meanwhile, award-winning investigative journalist, Manasseh Azure Awuni has also reacted to President Akufo-Addo's directive to the Finance Minister to engage the International Monetary Fund (IMF) for support.

In a Facebook post on Friday, the ace journalist wrote, "You can do all the propaganda you want, but if the fundamentals of the economy are weak, IMF will expose you".

The comments by Felix Kwakye Ofosu and Manasseh Azure add to the hundreds of social media reactions, following the news about government's decision to seek fiscal support from the Fund.

In a series of tweets and posts monitored by Myjoyonline.com, scores of Ghanaians have expressed their misgivings about government's decision to request assistance from the Fund.

According to some of them, the move may not augur well for the fortunes of Ghana's economy.

Some social media users have also accused President Akufo-Addo and the NPP government of 'double-standards', following the directive.

In expressing their shock, they said, they did not expect government to resort to the Fund, after the Finance Minister had earlier assured that government will resort to 'home-grown' solutions in reversing the ailing economy.

Contrary to this assurance however, a statement signed by Information Minister, Kojo Oppong Nkrumah, on Friday, July 1, revealed that the President has directed the Finance Minister, Ken Ofori-Atta to 'commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic programme put together by the government of Ghana'.

Meanwhile, the New Patriotic Party (NPP) is expected to address a press conference at 2:00pm today at the Party's headquarters in Accra.