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What a shame! – Sammy Gyamfi on government’s IMF engagement

Communications Officer for the National Democratic Congress, Sammy Gyamfi.
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The National Communications Officer for the National Democratic Congress (NDC), Sammy Gyamfi, has reacted to President Akufo-Addo's directive to the Finance Minister to engage the International Monetary Fund (IMF) for economic support.

In a tweet on Friday, he called out the government over its initial reluctance to resort to an IMF programme and the various criticisms against the Mahama-led administration for doing so during its tenure.

While describing them as "dishonest leaders," he said the President and his vice have been exposed by their own words.

"Posterity has a nice way of disgracing dishonest leaders. @NAkufoAddo and @MBawumia have been trapped by their own words. What a shame," he said.

President Akufo-Addo on Friday, July 1, directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund for economic support.

A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1, 2022, indicated that there had already been a conversation between the IMF boss, Kristalina Georgieva and President Akufo-Addo conveying government’s decision to engage the Fund.

“The President of the Republic, Nana Addo-Dankwa Akufo-Addo, has authorised 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.”

Cabinet at a meeting on June 30th, 2022, supported government’s decision to pursue an economic programme from the Fund.

The engagement with the IMF, the statement, pointed out will seek to provide a balance of payment support as part of a broader effort to quicken Ghana’s build back in the face of challenges induced by the COVID-19 pandemic and, recently, the Russian-Ukraine crisis.  

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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.