The government’s decision to apply for a bailout from the International Monetary Fund (IMF) has been characterized as an act of God by Nana Obiri Boahen, the Deputy General Secretary of the ruling New Patriotic Party (NPP), who claims that it is not odd.
“Visiting the IMF is not that unusual. We must occasionally leave room for the unexpected in our speech and conduct because we are only human. We may be complaining a lot if the NPP government hadn’t opted to approach the IMF and nothing had occurred,” Nana Obiri Boahen remarked in an interview with Kumasi’s Angel FM.
“The fact that we insisted we were not going to IMF some time back and now we have decided to go doesn’t mean our homegrown policies have failed or we don’t have the men anymore, the situation is uncontrollable”, he added.
The COVID-19 pandemic and the Russian-Ukrainian war, according to the Private Legal Practitioner, are to blame for the country’s current difficulties and the decision to request a bailout from the IMF.
“Look at the pandemics that shook the world, which has made us prompted our decision, with that, COVID is act of God, Russia-Ukraine war is also an act of God”, he stated.
To assist in addressing Ghana’s balance of payment issues, the IMF team, led by economist Carlo Sdralevich, will meet with managers of the economy on Wednesday, July 6, 2022, in the nation’s capital.
John Dramani Maham, a former president, has advised President Akufo-Addo not to include Finance Minister Ken Ofori Atta in the discussions with the IMF.