FLASHBACK: Major NPP Views On IMF Programs 2023

FLASHBACK: Major NPP Views On IMF Programs

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Ghana Goes Back To IMF – After many months of rumors, deliberations and suggestions, the the president of the Republic, H.E. Nana Addo Dankwa Akufo-Addo, yesterday, July 1,2022, has finally directed the Finance Minister, Mr. Ken Ofori-Atta to officially commence engagement with the International Monetary Fund to seek support for government’s economic program.

The statement which was released on the county’s republic day, brought joy to some people, who believe this would help government to cutoff it exorbitant expenditures whilst others believe it’s a bad decision as they fear there might be unemployment and cancellation of FSHS.

Major Previous NPP views on IMF – Ghana Goes Back To IMF

As we prepare for negotiation with the International Monetary Fund, Newsgh1.com has compiled some views of top NPP members on IMF for the past 10 years.

  1. Any government that goes to IMF has failed – Kennedy Agyapong(2022)
  2. Ghana will solve this crisis without IMF – Finance Minister, Ken Ofori-Atta (2022)
  3. For the first time in #history, an oil rich country, some five years into oil production, is seeking a #bailout from the #IMF.- Nana Addo (2015)
  4. The gov’t tells the truth to the World Bank and the IMF, but turns back to lie to Ghanaians, whose taxes pay their salaries. #MahamaMustGo – Nana Addo (2012)
  5. “Mahama destroyed what he inherited from Mills in July 2012 and handed over the running of Ghana’s oil-rich economy to the IMF when there was no crisis.
  6. “Simply put, he himself was the crisis! He home-grew a crisis and outsourced the solution. That is the record of “Mahama the Disaster” – Gabby Okyere-Darko (2021)
  7. “What I am saying to Ghanaians, to all of us, is that, in the 62 years of our independence, this was the 16th IMF bailout programme that the nation had gone into. Let it be the last time that we would resort to an IMF programme.” – H.E Nana Addo Dankwa (2019)
  8. “Mr. Chairman, the IMF bailout was totally avoidable if the government had listened the sound advice from many quarters much earlier. But government refused to listen. They believed in their own propaganda and said, “Yentie Obiaa” (we wont listen to anyone). When government was cautioned about the scale of borrowing, the government responded that they would borrow more. Now that their propaganda has been exposed by economic reality, they are now forced to listen to IMF. We have moved from “Yentie Obiaa” to “Yebetie IMF Nkoaa” (we will listen to the IMF only).” – Dr. Bawumia (2015)

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