According to Nhyieaso Member of Parliament Dr. Stephen Amoah, former president John Dramanai Mahama has a dismal track record when it comes to economic management. On July 2, he predicted that if the National Democratic Congress (NDC) chose him as their flagbearer, they would lose the next elections once more.
Dr. Amoah was responding to Mr. Mahama's demand that Dr. Mahamudu Bawumia, the vice president, be removed from his position as the leader of the Economic Management Team (EMT). When the government ultimately chose to turn to the Bretton Woods institution for assistance, Mr. Mahama added that the Finance Minister, Ken Ofori-Atta, had presided over the calamitous collapse of the economy and was therefore ineligible to serve on the team of negotiators.
In a statement on Saturday, July 2, Mr. Mahama said, "The Finance Minister who has presided over the calamitous collapse of the economy cannot and should not be part of the team of negotiators. We applaud the Akufo-Ado administration's decision to go to the IMF. He no longer commands the respect and confidence of those who are involved in our economy.
President Akufo-Addo needs to make the brave choice to appoint a new finance minister right away who is capable and confident enough to work diligently to improve our nearly dismal position. Additionally, in order for the President to reassemble the Economic Management Team, the Vice President must be dismissed of his duties as the team's chair due to his clear failings.
We must learn from this experience and refrain from playing the economy for political gain; doing so would only result in the same tragic outcomes that have led us to this point, Mr. Mahama wrote on Facebook on Saturday, July 2.
The Finance Committee of Parliament member Dr. Stephen Amoah, however, asserted that "the very individual advocating for the Finance Minister's dismissal has messed up this country in a way that has never been witnessed before. "NDC should not choose him, if they chose former President John Mahama, NDC will lose and you will be astonished, you mark it.
We were having guineafowls and everything bus branding, and he wants to come back. His track record is the worst. After speaking on the phone with IMF Managing Director Miss Kristalina Georgieva to inform her of Ghana's resolve to work with the Fund, President Akufo-Addo instructed Mr. Ofori-Atta to begin negotiations with the Fund on Friday, July 1.
This was disclosed in a statement released by the Ministry of Information on Friday, July 1. John Kumah, the deputy minister of finance, claimed that an IMF program would hasten the nation's recovery from its economic problems. He stated that the administration is hoping the scheme will help the nation.
"As a government, our goal is to regain public trust in the economy and help it recover from the difficulties and challenges it is currently facing, not just in Ghana but in practically all other economies worldwide.
"We think that from where we are currently, an IMF intervention will help us recover more quickly. On Friday, July 1, during the midday broadcast on TV3, he said, "We hope that it would help the country.
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