https://www.myjoyonline.com/what-a-shame-sammy-gyamfi-on-governments-imf-engagement/-------https://www.myjoyonline.com/what-a-shame-sammy-gyamfi-on-governments-imf-engagement/
Economy | National | Politics

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

Communications Officer for the National Democratic Congress, Sammy Gyamfi.

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.