Ghana will not go to IMF: John Kumah’s statement before the government made a U-turn

Various parties have responded differently to President Akufo-Friday Addo’s order to Finance Minister Ken Ofori-Atta to start talks with the IMF about assistance. 

While some are applauding the government’s decision as being the right one, others, primarily members of the opposition National Democratic Congress, are criticizing the administration for taking such a long time to act on something that was long overdue.

The Finance Minister, Ken Ofori-Atta, and his deputy, John Ampontuah Kumah, have come under particular fire from NDC officials for making it clear that the administration will not seek the assistance of the Bretton Woods institution. 

In a following interview with JoyNews George Wiafe on JoyNews PM Express, this stance was revised to, “We will seek support from the IMF if it becomes essential.”Therefore, in a Friday, July 1 interview with TV3, Dr. Kumah reversed his original position on the government seeking assistance from the International Monetary Fund (IMF). 

He stated, “Our goal as a government is to rebuild the public’s faith in the economy and help it recover from the difficulties and setbacks it has faced, not just in Ghana but in practically all economies throughout the world. 

“In our opinion, an IMF intervention will enable us to recover more quickly than we otherwise could. We anticipate it would be advantageous for the nation,” he remarked on Friday, July 1.

Content created and supplied by: Ismail2 (via Opera
News )