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.
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“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.
