A return to IMF means catastrophic mismanagement of the economy – ABA Fuseini

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Saganrigu lawmaker, ABA Fuseini has said the decision by the government to go to the International Monetary Fund (IMF) for support is an indication of the mismanagement of the economy by the Akufo-Addo administration.

He asked the government to apologise to Ghanaians for the hardship they are going through due to the bad management of the economy.

“A return to the IMF shows the catastrophic mismanagement of the economy,” he told TV3’s Parliamentary correspondent Komla Kluste in interview on Friday July 1.

“They told us that they were not going to the IMF. They must apologise to the people of this country for imposing hardship on Ghanaians and they are now going to the IMF,” he added.

Meanwhile, a Deputy Minister of Finance, Mr John Kumah has said an IMF programme will help the country to come out from the economic challenges faster.

He said the government hopes that the programme will benefit the country.

“Our objective as government is to restore confidence in the economy and rebound it from the difficulty, from the challenges, not only in Ghana but almost all economies around the world.

“We believe that where we stand now, an IMF intervention will help us come out quicker than we could. We hope that it will benefit the country,” he told TV3’s Komla Adom on the mid day news on Friday July while throwing more light on the instruction given to the Finance Minister Ken Ofori-Atta by the President to commence formal engagements with the IMF, inviting the Fund to support programmes put together by the Government.

This follows a telephone conversation between the President and the IMF Managing Director, Miss Kristalina Georgieva, conveying Ghana’s decision to engage with the Fund.

The Ministry of Information announced this in a statement on Friday July 1.

By Laud Nartey|3news.com|Ghana

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