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Former President John Mahama has welcomed President Nana Akufo-Addo’s decision to engage the International Monetary Fund (IMF) for an economic bailout.
Mr Mahama in a Facebook post on Saturday, July 2, 2022, commended the president and described the move as an important step towards addressing the dire economic situation.
On Friday, July 1, 2022, Ghana officially announced seeking financial support from the IMF to help address the economic crisis facing the country.
Commenting on the development, Mr Mahama said engaging the IMF with the view to entering into a programme under the Fund is “welcome.”
“Though belated, it should mark an important step towards addressing the dire economic situation, which has left Ghanaians wallowing under intense suffering and hardships,” John Mahama posted on Facebook.
The former president also called on the leadership of the ruling government to design a well-structured program for the IMF amidst negotiation.
“Beyond the announcement of engagement with the IMF, a comprehensive home-grown programme should be fashioned out and presented to the Fund for support.”
Mr Mahama added governments must also ensure that a team of “skilled and competent negotiators is put together to obtain the best set of measures with the Fund.”
