Former President John Dramani Mahama has scrutinized the evaluation of the present status of the Ghanaian economy by the Overseeing Overseer of the Global Money related Asset (IMF), Kristalina Georgieva.
As per Mr Mahama while it was a help to hear Lady Georgieva “reaffirm the responsibility of the IMF to help individuals of Ghana in these unsafe times”, it was “undeniable” that the “terrible strategies” of the public authority had added to the monetary rut.

He said approaches, for example, “the bungled, harsh and questionable expense in shutting down privately claimed banks, unrestrained degrees of defilement and absence of responsibility including the fumble of Coronavirus reserves, flighty acquiring rehearses loaded with mistiness and irreconcilable circumstances, bringing about an unreasonable obligation envelope, exorbitant, trial and untested projects”, couldn’t be overlooked in grasping the ongoing critical condition of the Ghanaian Economy.

He said in the event that these focuses were dismissed by the IMF and other worldwide representatives, they were probably going to make a ” wrong determination and recommend unseemly cures”.

“While the standard in worldwide discretion of being watched in what one says is valued, remarks by high positioning authorities should be grounded on realities that think about nearby real factors and assessments,” Mr Mahama posted on Facebook.

“The undeniable reality is that Ghana is wrecked because of the Terrible Strategies of this administration, which have contributed enormously to the critical situation.

“Worldwide ambassadors should think about these realities and not simply overlook them; in case they make wrong finding and endorse improper cures”.

He further encouraged global ambassadors to reflect nearby real factors while talking about the Ghanaian economy.

“The Ghanaian economy should be overseen first for the Ghanaian who lives and encounters it everyday, not only for a global crowd”.

What the IMF manager said

Lady Georgieva, offered the remarks on the Ghanaian economy in a shut entryway meeting with President Nana Addo Dankwa Akufo-Addo on September 5, 2022, uninvolved of the Africa Transformation Culmination, a gathering on environmental change, in Rotterdam, The Netherlands.

Depicting Ghana as a “heavenly country”, Ms Georgieva said the country’s flow monetary difficulties were not privately produced yet were because of outer shocks.

She expressed in opposition to certain stories that Ghana wound up in the ongoing circumstance because of the terrible approaches of the Akufo-Addo organization, the variables were exogenous.

“Like everyone on this planet, you have been wounded by exogenous shocks. First the pandemic, then, at that point, Russia’s conflict in Ukraine. We really should understand that it isn’t a direct result of terrible strategies in the nation but since of this mix of shocks and, subsequently, we need to help Ghana,” the IMF supervisor said.

IMF bargain

Ghana is before the IMF for US$3 billion to assist the country with exploring through the unfriendly financial emergency in which it winds up because of the antagonistic impacts of the dangerous Covid illness (Coronavirus) pandemic and the continuous struggle among Russia and Ukraine.

As of now, a designation from the IMF, drove by the Mission Boss for Ghana, Carlo Sdralevich, has visited Ghana and had introductory conversations with the Service of Money on a potential IMF-upheld program.

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Kwame Anane

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