According to former president John Dramani Mahama, the Akufo-Addo administration is forced to approach the International Monetary Fund (IMF) in order to address its economic problems.
According to Mr. Mahama, IMF programs include fiscal consolidation and a need for budgetary restraint, which can result in some improvement and a rebound on the macroeconomic front.
“In the last few days, there has been talk from some regime actors about a potential or impending IMF programme. Due to the nature and depth of our economic problems, this government virtually has no other sustainable option.
“IMF programs come with fiscal consolidation and insistence on fiscal discipline which can lead to some recovery and improvements on the macro-economic front.
“This government has however so mismanaged our economy and left it in such a terrible state that fiscal consolidation alone will not do the trick,” the 2020 presidential candidate of the National Democratic Congress (NDC) said at a forum in Accra on Thursday June 30.