Audio By Carbonatix
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama says Ghana’s return to the International Monetary Fund (IMF) for a balance of payment bailout made mockery of the “Ghana Beyond Aid” mantra.
Mr Mahama said this only meant the Akufo-Addo government did not believe in the policy.
The former president said the government’s going cup-in-hand to the Bretton Woods Institution proved that President Akufo-Addo’s ‘Ghana Beyond Aid Agenda’ was a mere rhetoric.
“Indeed our return to the IMF – cup-in-hand – has made our Ghana Beyond Aid policy the butt of jokes amongst many commentators in the world.”
“It will take a resolute and committed political will to determine our own economic destiny.”
Mr Mahama added that until Ghana as a nation build the ability to determine its own economic policies, it will also depend on the benevolence of others.
“We will require the ability to determine our own economic policies that prioritise the well-being of our citizens, and create an environment conducive for the advancement of sustainable growth and development for job creation.”
He was speaking as the Special Guest of Honour at the 7th Ghana CEOs Summit on Monday, May 22.
Ghana on Friday, May 19, received an amount of $600 million from the International Monetary Fund (IMF).
It is the first tranche of a $3 billion bailout package approved by the IMF Board on Wednesday, May 17.
President Akufo-Addo excited many hearts both home and abroad when at his inauguration in 2017, he espoused the lofty determination to lead a nation ready to take its destiny in its hands by leading the charge to build a viable Ghana without Aid.
With Ghana's economy running aground, its managers have had to virtually chase the IMF for about a year for a life sustaining bailout.
Latest Stories
-
Nearly 400 sentenced in Nigeria for links to militant Islamists
20 minutes -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
27 minutes -
Kwaku Azar writes: A-G vs OSP
60 minutes -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
1 hour -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
2 hours -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
2 hours -
Barcelona dominate derby to extend La Liga lead
3 hours -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
3 hours -
Importers and Exporters Association declares full support for Publican AI port system
3 hours -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
3 hours -
Volleyball emerges as Ghana’s fastest rising sport
3 hours -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
4 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
4 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
4 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
4 hours