Felix Kwakye Ofosu, a former deputy minister of information, has commented on the government's choice to seek assistance from the International Monetary Fund (IMF).
He said that he could understand the worry that the choice has caused Vice President Dr. Mahamudu Bawumia, the team's leader in economic management, to feel.
On Friday, July 1, Mr. Ofosu Kwakye tweeted, "I can only picture the dread that has seized Bawumia following the announcement of an IMF programme by his bungling government."
The International Monetary Fund (IMF) has been invited to assist an economic programme developed by the Government of Ghana, and President Nana Addo Dankwa Akufo-Addo has directed his Finance Minister Ken Ofori-Atta to begin official negotiations with the IMF.
This comes after the President and Miss Kristalina Georgieva, the IMF Managing Director, spoke on the phone and discussed Ghana's decision to work with the Fund.
This was disclosed in a statement released by the Ministry of Information on Friday, July 1.
On Monday, June 27, Gabby Otchere Darko, a prominent figure in the ruling New Patriotic Party (NPP), declared that, in theory, he was not opposed to the IMF programme.
Gabby clarified that he opposes an IMF programme that provides the nation with pitiful aid but sets restrictions that would ultimately harm the poor, employment opportunities, and enterprises more.
He wrote in a series of tweets, "Am I in principle against an IMF programme? No” "I oppose an IMF programme that offers us pitiful sums of money while imposing requirements that would ultimately harm the poor, employment opportunities, and companies more. The Covid-19 and the Ukraine War are more to our demise than to that of Africa. Programs that claim to be entirely our own work are bound to fail.
"We take action that will boost our ability to weather this powerful storm, and that action ought to take place quite soon. Do you object to an IMF programme?
Ken Ofori-Atta, Ghana's finance minister, has stated that his country won't need assistance from the IMF again.
According to him, the administration has implemented programmes to address the core problems impacting the country, as well as measures like pay reduction and others. At a press conference in Accra on May 12, Mr. Ofori-Atta made these comments in response to a question on whether Ghana would think about returning to the IMF from an international journalist.