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Mahama was better prepared when he took Ghana to the IMF- Economist reveals

The government of Ghana is again seeking assistance from the International Monetary Fund (IMF) to enable the country to improve its payment deficit account and ensure fiscal discipline. This is the seventeenth time Ghana has sought a bailout from the IMF since independence.

But reacting to what an International Monetary Fund program means to the current economy of the country, which is almost on its knees, Gofred Bokpin, a Professor of Finance and Economics at the University of Ghana, stated that, the country was better prepared when it went for the IMF program in 2014 under John Dramani Mahama.

According to Gofred Bokpin, the nation by then had its home-grown policies before seeking the program. The Senchie Consensus and the Ghana Shared Growth Development Agenda Two (2014 to 2017), Professor Bokpin explains were documents the National Democratic Congress had before seeking IMF assistance.

He stressed the governing New Patriotic Party should have learned from what the National Democratic Congress did before seeking assistance.

"Unlike 2014 (when the NDC took to IMF), I think this government is in a better position to be guided by history. In 2014, when the government announced on April 6, there was a document on hand. Drawing from the Senchie Consensus. There was also the Ghana Shared Growth and Development Agenda Two (2014 to 2017). So before the president ( John Dramani Mahama) then made the announcement, there was a home-grown program so it made it a bit easier engaging the fund because we had a program", he said on JoyNews today, August 13.

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