If the President, HE Nana Addo Dankwah Akufo-Addo, truly wants to put an end to the suffering of the people through the International Monetary Fund (IMFintervention, )’s he should fire Finance Minister Ken Ofori-Atta and dissolve the Economic Management Team (EMT), according to NDC General Secretary Johnson Asiedu Nketia.
Even if the IMF gave Ghana all the money in the world, he claims that failure to take that measure would leave Ghana permanently mired in an economic rut.
The administration declared on Friday, July 1, 2022, that due to the worldwide economic collapse brought on by the COVID-19 pandemic and the Russia-Ukraine war, it has chosen to work with the IMF on a balance of payments support.
These crises have reduced the nation’s foreign reserves and buffers and caused significant inflation, fuel price increases, and local currency depreciation.
Speaking on Okay FM’s “Ade Akye Abia” show, he blamed the Finance Minister and the EMT for the nation’s catastrophic financial predicament and the NPP government’s current state of economic paralysis.
” . . Ghana received lots of support from the World Bank and other benevolent institutions during the Covid-19 pandemic, I therefore find it absurd to hear people say that COVID-19 and the Ukraine-Russia war has contributed to the poor performance of the country’s economy.
“Anyone who is able to defend NPP’s decision to go to the IMF for bailout with this inexplicable analysis can defend Satan in Heaven. . .
“The Finance Minister has ran out of ideas and the way he is handling things now you will need a fresh blood to manage the finances of the country and be able to put the economy in good shape.
“The vice president, HE Dr. Mahamoud Bawumia who also heads the Economic Management team looks tired and frail to even generate fresh ideas for the economy. And since the president has taken this bold decision to go to the IMF, they need a more resolved team to lead the affairs of the economy and even engage the IMF for good deal to be struck as the country seeks for a financial bail,” Asiedu Nketia proffered.