No more IMF Bailout-Mahama

John Mahama

Former President John Dramani Mahama says Ghana should not seek bailout from the International Monetary Fund (IMF), signaling end to going to the Fund cap in hand.

According to him, the recent bailout Ghana is seeking from the Fund should be the last in the history of the country.

Mahama believes that government must focus on Ghana Beyond Aid Agenda by developing policies that will transform the economy without external help.

The defeated 2020 presidential candidate of the opposition National Democratic Congress (NDC) however said going to the IMF will increase investor confidence and bring back the economy to life.

Mr. Mahama who made this shocking remarks when speaking on the October 12 edition of Straight Talk Africa on VOA, said “I think that in going into this programme, it will bring back debts to sustainable levels… in other to achieve policy credibility so that investors, again feel confident that they can bring their money to Ghana, then we start from there and maintain that prudence. This should be the last time that we go to the IMF.”

Ghana is seeking support from the IMF for the 19th time in July 2022, following rising inflation and interest rates and rapid depreciation of the cedi.

ahama believes that government must focus on Ghana Beyond Aid Agenda by developing policies that will transform the economy without external help.

The defeated 2020 presidential candidate of the opposition National Democratic Congress (NDC) however said going to the IMF will increase investor confidence and bring back the economy to life.

Mr. Mahama who made this shocking remarks when speaking on the October 12 edition of Straight Talk Africa on VOA, said “I think that in going into this programme, it will bring back debts to sustainable levels… in other to achieve policy credibility so that investors, again feel confident that they can bring their money to Ghana, then we start from there and maintain that prudence. This should be the last time that we go to the IMF.”

Ghana is seeking support from the IMF for the 19th time in July 2022, following rising inflation and interest rates and rapid depreciation of the cedi.

Source: Dailyguide network

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