The General Secretary of the National Democratic Congress (NDC), Johnson Asiedu Nketia has said Ken Ofori-Atta is lacking ideas on how to manage Ghana’s economy hence, has no other option than to run back to IMF for a bailout.
Asiedu Nketia popularly known as General Mosquito has charged President Nana Akufo-Addo to scrap the Economic Management Team (EMT) led by Vice President Dr. Mahamudu Bawumia.
The opposition party’s General made the Secretary comments after President Akufo-Addo asked the Finance Minister to engage the International Monetary Fund (IMF) to support the economy.
In a press statement signed by the Minister of Information, Kojo Oppong Nkrumah sighted by ZNewsgh.com, said a telephone chat between the IMF Managing Director, Kristalina Georgieva and Ghana’s President, conveyed the government’s decision to engage the Fund.
“The President of the Republic, Nana Addo-Dankwa Akufo-Addo, has authorized Finance Minister, Ken Ofori-Atta, to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic programme put together by the Government of Ghana”.
“This follows a telephone conversation between the President and the IMF Managing Director, Krisalina Georgivia, conveying Ghana’s decision to engage the Fund,” part of the statement read.
Asiedu Nketia speaking on the bailout laid the country’s dire financial situation and current state of economic paralysis by the NPP government on the doorstep of the Finance Minister and the Economic Management Team.
He said “…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 have contributed to the poor performance of the country’s economy.
Speaking with Okay FM, monitored by ZNewsgh.com, General Mosquito said, “The Finance Minister has run out of ideas and the way he is handling things now you will need fresh blood to manage the finances of the country and be able to put the economy in good shape.”
“The vice president, His Excellency Dr. Mahamudu 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 a good deal to be struck as the country seeks a financial bail,” Asiedu Nketia added.
