President of Ghana, Nana Addo Dankwa Akufo-Addo has finally listened to former President, John Mahama about going to the International Monetary Fund (IMF) for a bailout. President Akufo-Addo has written to the finance minister, Ken Ofori-Atta to begin formal conversations with the International Monetary Fund after our economy has been in crisis for a long time.
Former President, John Mahama has consistently said that based on how our economy is going in terms of the crisis, the country has no choice but to visit IMF for a bailout. Even yesterday, John Mahama reiterated this point during a speech at Gimpa University.
The Akufo-Addo government has finally listened to this advice from John Mahama even though the finance minister and other NPP members have consistently said that the country wouldn't go to IMF for a bailout.
Meanwhile, in 2015 when then President John Mahama sent the country to the International Monetary Fund for a bailout, Nana Akufo-Addo said that “ for the first time in history, an oil-rich country, some five years into oil production is seeking a bailout from the IMF.” Aside from this post, President Akufo-Addo and some members of the NPP have always chastized John Mahama for sending the country to IMF in 2015.
So is this the right decision and the last resort for the Akufo-Addo government now?
Akufo-Addo government said that if E-Levy is passed, we will not go to IMF, so why are they going to IMF now??
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