• Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion
Sunday, 20 July, 2025
  • Login
Top Radio 103.1 FM
 
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Education
  • Technology
  • Foreign
No Result
View All Result
Top Radio 103.1 FM
No Result
View All Result
Home News

Govt’s decision to seek IMF bailout late but welcoming – Mahama

TOPFM NEWS by TOPFM NEWS
July 4, 2022
in News
A A
0
Govt’s decision to seek IMF bailout late but welcoming – Mahama
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Former President John Mahama has welcomed the government’s decision to begin engagements with the International Monetary Fund for a bailout programme to help revive the economy, although he says the decision was taken a little too late.

In a statement, Mahama said the announcement by the government is important to help address the many challenges that have plagued the Ghanaian economy.

He however said the government must develop a more impactful home-grown programme that will complement the IMF programme that will be agreed upon after negotiations.

“I welcome President Akufo-Addo’s decision to formally engage the IMF with the view to entering into a programme under the Fund. Though belated, it should mark an important step towards addressing the dire economic situation, which has left Ghanaians wallowing under intense suffering and hardships,” he said.

The Ministry of Information on Friday, July 1, 2022, announced that President Akufo-Addo had given approval for Ghana to begin engagements with the IMF for a bailout.

The statement added that the Minister for Finance, Ken Ofori-Atta will be leading the negotiations with the IMF but John Mahama in his statement said the minister must not be allowed to be part of the team of negotiators.

“He has lost credibility and the trust and confidence of stakeholders in our economy. President Akufo-Addo must take a bold decision to replace his finance minister immediately with a more assured and competent person who is willing and able to work tirelessly to turn our almost hopeless situation around,” Mahama indicated.

He further reiterated his earlier call for Vice President Mahamudu Bawumia to be removed from his post as the chairman of the economic management team “given his obvious failures.”

Read Mahama’s full statement below:

I welcome President Akufo-Addo’s decision to formally engage the IMF with the view to entering into a programme under the Fund.

Though belated, it should mark an important step towards addressing the dire economic situation, which has left Ghanaians wallowing under intense suffering and hardships.

Beyond the announcement of engagement with the IMF, a comprehensive home-grown programme should be fashioned out and presented to the Fund for support. It is imperative that a team of skilled and competent negotiators is put together to obtain the best set of measures with the Fund.


The Finance Minister who has supervised the disastrous collapse of the economy cannot and should not be part of the team of negotiators. He has lost credibility and the trust and confidence of stakeholders in our economy.

President Akufo-Addo must take a bold decision to replace his finance minister immediately with a more assured and competent person who is willing and able to work tirelessly to turn our almost hopeless situation around.

In addition, given his obvious failures, the Vice President must be relieved of his responsibility as Chair of the Economic Management Team to enable the President to reconstitute the team.

We must draw useful lessons from this episode and avoid cheap politicking with the economy; that can only yield the disastrous outcomes that have brought us here.

Related Posts

20-Year-Old Jailed 25 Years For Kasoa-Winneba Highway Robbery

20-Year-Old Jailed 25 Years For Kasoa-Winneba Highway Robbery

July 9, 2025
12
Two Arrested For Killing 58-Year-Old Lebanese At East Legon

Two Arrested For Killing 58-Year-Old Lebanese At East Legon

July 4, 2025
16
Source: Jonas Nyabor
Via: Citinewsroom
Tags: Govt’s decision to seek IMF bailout late but welcoming – Mahama
Previous Post

Facebook begins testing NFTs with select creators in the US

Next Post

US to Ukraine advanced surface-to-air missile systems

Related Posts

20-Year-Old Jailed 25 Years For Kasoa-Winneba Highway Robbery
News

20-Year-Old Jailed 25 Years For Kasoa-Winneba Highway Robbery

July 9, 2025
12
Two Arrested For Killing 58-Year-Old Lebanese At East Legon
News

Two Arrested For Killing 58-Year-Old Lebanese At East Legon

July 4, 2025
16
Police Arrests 3 Robbers For Planning To Steal GH¢ 1.3 Million From Gold Dealer
News

Police Arrests 3 Robbers For Planning To Steal GH¢ 1.3 Million From Gold Dealer

July 2, 2025
10
Three Suspects Arrested For Robbing Gold Dealer (Photos)
News

Three Suspects Arrested For Robbing Gold Dealer (Photos)

June 28, 2025
6
Prophetess, Driver Arrested For Killing Ex- Dampong SHS Headteacher After Gold Scam (Photos)
News

Prophetess, Driver Arrested For Killing Ex- Dampong SHS Headteacher After Gold Scam (Photos)

June 26, 2025
17
Winneba Junction Accident Claims Four Lives Including Three Schoolchildren
News

Winneba Junction Accident Claims Four Lives Including Three Schoolchildren

June 24, 2025
135
Next Post
US to Ukraine advanced surface-to-air missile systems

US to Ukraine advanced surface-to-air missile systems

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

BROWSE BY TOPICS

2022 Budget AFCON Afghanistan akufo addo Amazon Apiate explosion apple AT&T Ato Forson Black Stars covid COVID-19 COVID 19 E-Levy facebook GFA Ghana Police Service Google Government GRA health Intel iphone LGBTQ Mahama Majority Microsoft Minority momo NDC NPP Nvidia OMICRON Parliament police Russia security Taliban tech Tesla US UTAG vaccine vaccines Xinjiang

Recent Posts

  • Spotify Global Impact List: Black Sherif Leads With Most Exported Song For H1 2025
  • NDC Planned Attack On Hawa Koomson At Ablekuma North Elections Rerun – Kafui Amegah Alleges
  • Okudzeto Ablakwah Commissions Ultra Modern Kindergarten Block At Aveyime (Photos)
  • I Left My Husband Myself; God Didn’t Tell Me Anything – Cee of Mentor Fame Opens Up
  • Ghanaian Traders Are Suffering – Traders Advocacy Group Ghana Cry Out

Recent Comments

  1. News on Church Of Pentecost Commission 35 Bed AI Powered Hospital In Bolgatanga (Photos)

RECENT NEWS

  • Spotify Global Impact List: Black Sherif Leads With Most Exported Song For H1 2025 July 17, 2025
  • NDC Planned Attack On Hawa Koomson At Ablekuma North Elections Rerun – Kafui Amegah Alleges July 16, 2025
  • Okudzeto Ablakwah Commissions Ultra Modern Kindergarten Block At Aveyime (Photos) July 14, 2025
  • I Left My Husband Myself; God Didn’t Tell Me Anything – Cee of Mentor Fame Opens Up July 14, 2025

MAIN CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

Entertainment

Treating Mpox In Ghana: With What? Dr Mintah Bonku Writes
Health

Treating Mpox In Ghana: With What? Dr Mintah Bonku Writes

3 weeks ago
19
  • ABOUT US
  • CONTACT
  • ADVERTISE

© 2025 Top Media Group - Powered by BackUP Data Systems

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion

© 2025 Top Media Group - Powered by BackUP Data Systems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In