Audio By Carbonatix
The Founder of the Progressive People's Party (PPP) has raised doubts regarding government's adherence to IMF bailout conditions in the event that the country secures a Fund programme from the Washington-based lender.
Dr. Papa Kwesi Nduom who was once Ghana's Minister for Public Sector Reform said government has gained international notoriety for repeated non-adherence to IMF bailout conditions; a situation he said has given Ghana a bad name in the eyes of development partners.
Government is currently negotiating with the Bretton-Woods institution for economic assistance. A second round of negotiations, after a similar one in September, is currently underway in Washington DC.
Negotiators from Ghana led by former Finance Minister, Kwesi Botchwey, are expected to conclude possible bailout talks with an IMF team by Friday October 17.
Dr. Nduom told journalists in Accra Tuesday, government would have to abide by promises it will make to letter in order to redeem its image internationally.
According to him, after a team of government officials agree, sign and secure funding for a project to commence, another group of officials subsequently present a new set of documents with alterations to the former agreement.
"This has been a habit of ours: non-performance", he stressed.
"We want our government to learn from this bad experience and the bad name they [government] have been giving to this nation and all of us", he said.
Dr. Nduom also warns of huge job cuts in the public sector under a possible Fund programme, despite assurances by government that public sector workers will not be affected.
He however advised government to stick to conditionalities that will come with a possible Fund programme.
Latest Stories
-
They demolish buildings and tell us they’re building 24-hour markets – Paul Adom-Otchere
11 minutes -
NPP’s 2024 Bolgatanga Central Parliamentary Candidate elected Upper East Regional Chairman
23 minutes -
Incumbent Northern NPP Chair wins as new faces break through in party executive elections
27 minutes -
Former Health Minister Okoe Boye elected NPP Greater Accra Regional Chair
42 minutes -
Joseph Kobinah Esibu elected NPP Central Regional Chairman
52 minutes -
Fernandez booed by Chelsea fans as Alonso offers glimpse of blueprint
59 minutes -
PSG sign World Cup winner Torres from Barcelona
1 hour -
Odeneho Kwaku Appiah beats former EPA boss Kokofu, to emerge NPP Ashanti chair
1 hour -
TDC defends statutory mandate, says its authority to develop Tema predates TMA
1 hour -
Ignatius Kwesi Afrifa elected NPP Western Regional Chairman
1 hour -
Galamsey will be a key issue for NPP’s 2028 campaign – Annoh-Dompreh
1 hour -
Makafui Woanyah retains NPP Volta Regional Chairmanship
1 hour -
Ghana Law Society announces maiden annual Bar conference for September 30
2 hours -
Abronye DC retains NPP Bono Regional chairmanship
2 hours -
NSMQ 2026: Check out the 147 schools battling in 49 preliminary contests
2 hours