The Minority Group in Ghana’s Parliament has charged President Nana Adddo Dankwah Akuffo Addo and his Vice President, Dr. Mahamadu Bawumia to take full responsibility for the current state of the economy which has led to a forced programme with the International Monetary Fund (IMF).
According to the group, it is the incompetence of the Vice President as the Head of the Economic Management Team in particular and the failure of the Government led by President Akufo Addo in general, which has led to the IMF bailout to fix the country’s economic challenges and difficulties.
“President Nana Addo Dankwa and Dr. Mahamud Bawumia, should take full responsibility for incompetently managing the economy to suffocating debt levels which has necessitated the retreat for us to request an agreement with the International Monetary Fund for the restructuring of our debts.
“They should also take full responsibility for their reckless and irresponsible borrowing and the unjustified profligate expenditure which has led us to the journey of retreat,” the Minority Leader, Haruna Iddrissu, said in an address with the Press in Parliament on Wednesday, July 6, 2022. Watch video here
Though some officials in President Akuffo Addo’s Government including the Finance Minister are on record for demonizing IMF programmes in the past, Government authorities made an official announcement on July 1, 2022 to the effect that it has opted for an IMF programme. Based on this request, an IMF staff team has already been dispatched to the country to kick-start discussions on a possible program to support Ghana’s homegrown economic policies.
Taking his turn to address the press after the Minority Leader, the Ranking Member on the Finance Committee in Parliament, Cassiel Ato Forson, warned Ghanaians to expect a very tough programme from the fund and therefore called on the Government to come clean by informing the people about the reality of the issues on the ground.
“The people of Ghana should expect a very strong IMF programme. Unfortunately, the Government is not articulating that fact. They are trying to hide from what is happening by trying to blame the Ukraine- Russia war. I do not accept it and we cannot accept that as the reason why Ghana is in this mess.
“We are in this mess because it is Government’s deliberate policy. The Government has mess us up big time and should take full responsibility for it. This is indeed, self-inflicted and the people that took us I to this mess must immediately take responsibility,” he observed.
Source: Clement Akoloh||parliamentnews360.com
