The Vice President, Dr. Mahamudu Bawumia has finally revealed the real reasons that led Ghana to go to the International Monetary Fund (IMF) under the leadership of President Akufo-Addo. He mentioned that the decision to go to the IMF was heavily influenced by a quadruple whammy under President Akufo-Addo.
Dr. Bawumia revealed that the country has been seriously hit by the banking sector clean up, energy sector excess capacity payments, Covid-19, and the Russia-Ukraine war. He revealed that these four things have contributed to the country’s current economic state which resulted in Ghana going to the IMF now.
“ I should note again that Ghana has been hit by a quadruple whammy in the last few years: Energy Sector Excess Capacity Payments, Banking Sector Clean-up, Covid-19, and the Russia-Ukraine war. These have seriously affected our beloved country and have brought us to our current state. Of course when things happen like this, then it will be good for us to seek help from the International Monetary Fund.” Bawumia boldly revealed this.
Do you agree with him? Who told Akufo-Addo to do banking sector clean-up??
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