The former president of the Republic of Ghana, John Dramani Mahama, has on July 2, taken to his facebook page to officially welcome the decision of the president in engaging the IMF with the view to entering into a programme under fund.
According to the former president and the leader of the Largest Oppositional Party, National Democratic Congress, though the president and his cohorts have delayed in taking this decision, it should mark an important step forwards addressing the dire exonomic situation, which he (john Mahama), claims has left the Ghanaians wallowing under intense suffering and hardships.
He further reiterated that, “The Finance Minister who has supervised the disastrous collapse of the economy cannot and should not be part of the team of negotiators. He has lost credibility and the trust and confidence of stakeholders in our economy and for that matter, President Akufo-Addo must take a bold decision to replace his finance minister immediately with a more assured and competent person who is willing and able to work tirelessly to turn our almost hopeless situation around”.
In addition, “the Vice President must be relieved of his responsibility as Chair of the Economic Management Team to enable the President to reconstitute the team”- he said.
“We must draw useful lessons from this episode and avoid cheap politicking with the economy; that can only yield the disastrous outcomes that have brought us here” the former president concluded.
Read the full statement here
I welcome President Akufo-Addo’s decision to formally engage the IMF with the view to entering into a programme under the Fund. Though belated, it should mark an important step towards addressing the dire economic situation, which has left Ghanaians wallowing under intense suffering and hardships. Beyond the announcement of engagement with the IMF, a comprehensive home-grown programme should be fashioned out and presented to the Fund for support. It is imperative that a team of skilled and competent negotiators is put together to obtain the best set of measures with the Fund. The Finance Minister who has supervised the disastrous collapse of the economy cannot and should not be part of the team of negotiators. He has lost credibility and the trust and confidence of stakeholders in our economy. President Akufo-Addo must take a bold decision to replace his finance minister immediately with a more assured and competent person who is willing and able to work tirelessly to turn our almost hopeless situation around. In addition, given his obvious failures, the Vice President must be relieved of his responsibility as Chair of the Economic Management Team to enable the President to reconstitute the team. We must draw useful lessons from this episode and avoid cheap politicking with the economy; that can only yield the disastrous outcomes that have brought us here.