Audio By Carbonatix
A leading member of the National Democratic Congress has hinted that Ghana will take advantage of rescue plans offered by the International Monetary Fund (IMF).
Dr. Tony Aidoo told Joy Business News there is nothing fundamentally wrong in seeking assistance from the IMF.
The government of Ghana under the erstwhile Kufuor administration broke ties with the IMF in preference to borrowing from the financial market.
This follows a barrage of criticisms that government has been hoodwinked into accepting conditionalities proposed by the Breton Wood Institutions and which are inimical to the country’s development.
With the deepening global financial crisis, it has become difficult accessing funds from the open markets, thus making a return to the IMF a plausible option.
In a recent meeting held under the auspices of G20, consisting of some of the most powerful nations around the world, the IMF announced a $370 billion package in rapid support to needy nations.
The package, reports say, is without conditionalities. This Mr. Tony Aidoo insists offers a reprieve to Ghana’s ailing economy.
He argued that Ghana must present the IMF a credible rescue plan which they can buy into in order to support the country.
He dismissed assertions that Ghana will be constrained by the IMF conditionality, saying, with a good negotiating ability the country will be better off.
Listen to excerpts of the interview with Dr. Aidoo in the attached audio.
Story by Nathan Gadugah/Myjoyonline
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Stakeholders propose reforms to reverse declining WASSCE performance Â
33 seconds -
AMA tows 7 cargo trucks in clampdown on illegal roadside parking
5 minutes -
Negative video on Bawumia hits Kennedy Agyapong’s ratings – Mussa Dankwah
22 minutes -
Over 88% of NPP delegates above 35 – Global InfoAnalytics
23 minutes -
I’m not shaken – Mussa Dankwah declares ahead of NPP presidential primaries
24 minutes -
GNASSM submits reform report to GoldBod after nationwide stakeholder engagements
45 minutes -
SEC pledges investor protection ahead of corporate green and sustainability bond issuance
46 minutes -
Strong macroeconomic recovery shields Ghana as IMF gold audit sparks debate
1 hour -
NYA hands over pick-ups to NAP coordinators for monitoring
1 hour -
Family of Nana Konadu Agyeman-Rawlings dismisses circulating ‘will’ as false
1 hour -
Accra ranks 8th most expensive city in Africa in 2026 as cost-of-living pressures persist
1 hour -
KMA steps up inspection of food joints over sanitation concerns
1 hour -
Ghanaian PhD scholars suspend UK protest after high-stakes diplomatic talks with High Commissioner
1 hour -
Latif Iddrisu Case: Police witness struggles to substantiate claim of identification parade
2 hours -
Water shortage hits parts of Kumasi following Owabi Plant shutdown
2 hours
