Politics

IMF bailout: You can’t blame NPP – Buaben Asamoa

While admitting there is an economic crisis in Ghana hence, the government’s decision to seek a financial bailout from the International Monetary Fund (IMF),  the New Patriotic Party (NPP) has absolved itself from blame and shame.

‘In our case, a global crisis is impeding production, supply, and global trade in general. I don’t see how the current government can be blamed if the situation is beyond our control. The decision to engage with the IMF again is our best bet.”

‘It would be shameless to admit that the government decided to go to the IMF because our country’s economy has hit a stumbling block,”, Director of Communications for the New Patriotic Party (NPP), Yaw Buaben Asamoa has said in an interview MyNewsGh.com monitored on TV3.

According to the Communications Director, the circumstances surrounding the government’s decision to go to the IMF are completely different and not as bizarre as when the previous government’s incompetence drove it straight to the IMF.

Adding: “It is true that we are being forced to eat our words in public at this point, but there is no shame in that”

President Akufo-Addo has authorized Finance Minister Ken Ofori-Atta to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic program put together by the Government of Ghana.

Barring any unforeseen bottlenecks, a meeting is scheduled between the government and the IMF today Wednesday, July 6, 2022, to kick start negotiations in the direction of a bailout program.

 

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