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IMF is not solution to Ghana’s economic crisis – Prophet Amoako-Atta

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Founder of the Lord’s Parliament, Apostle Amoako-Atta has said that the government’s decision to go to the International Monetary Fund (IMF) for a bail out is not the solution to the nation’s economic crisis.

According to him, leadership of the country should be introspective and use the available resources in the country to turn the economic fortunes of the country around.

Speaking on Angel FM’s Anopa Bofo Morning Show on Tuesday, July 12, the prophet said “If Jesus meets the Finance Minister and he [Ofori-Atta] tells Jesus that Ghana’s money is finished, will Jesus tell him [Ofori-Atta] to go to the IMF? This is the time we have to teach the nation how to find money.”

In his view, the Fund cannot be the solution to the economic challenges of the country. He further quizzed authorities on the usage of funds received from the IMF and the impact it has made in alleviating the poverty of the masses and restoring stability to economy.

The Deputy Finance Minister, John Kumah had said in an interview that “we believe that where we stand now, an IMF intervention will help us come out quicker than we could. We hope that it will benefit the country.”

But Prophet Amoako-Atta declared that “the solution is not in the IMF… IMF never works for money…We have been to the IMF 16 times [and] when we go for this one, it will be the seventeenth time. What have we used all the monies that we have received from the Fund for and what impact has it made?”

The Man of God proposed that “anytime the world and the nation enters into crisis we must know how to shift from the job economy to commodity economy. Anytime there is crisis so many companies lay off their workers…we must focus on skill economy to stabilize the economic situation.”

He noted that government must go and borrow ideas [and not money] from developed and stable economies on how to maximize the use of the country’s natural resources such as gold, cocoa and oil to stabilize Ghana’s economy.

Rev. Amoako-Atta also asked government to “shut the door to the leakages and corruption in the country” if it hopes to return the economy to prosperity.

“You have to look to yourself, by yourself, through yourself… [to solve your problems]”, he suggested.

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