In an interview on Good Morning Ghana show on Metro TV this morning, Sammy Gyamfi revealed that IMF will never speak negative things about the country. He added that Ghana is now the client of IMF and any negative comment from IMF about the country will be a bad news for the country.
'Once we apply to the fund, seeking to enrol on the program, they have a certain duty of care to us. Anybody who understands this can relate to the narratives being put out by the IMF boss now because the problems are confident based. It is an issue of investor confidence."
"Anything they say now can make or break the country. It can even render the whole program a nugatory. And that is why no IMF boss, after a country has applied for a bailout will say negative things about that country" he said
Click here to watch the video.
This comes after the IMF boss, Madam Kristina Grigoreva attributed Ghana’s prevailing weak economic conditions to shocks from the Covid pandemic and the Russian-Ukraine war. According to her, shocks from these two unforeseen factors have heavily impacted the economy and are to be blamed for the country’s woes and not bad policies which were said to have been implemented by the government
"Like everybody on this planet you have been hurt by exogenous shocks. First the pandemic, then Russia-Ukraine. And then the we need to realise is not because of bad policies in the country, but because of this combination of shocks,” she said.
Content created and supplied by: Rexbank (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More