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Let This Be Last IMF – Mahama

 

 

FORMER PRESIDENT John Dramani Mahama says Ghana should not go to the International Monetary Fund (IMF) to seek a bailout anymore.

 

According to him, the current arrangement by the government to secure $3 million support to help re-anchor economic stability of the country ought to be the last one in the history of the nation.

 

Mr. Mahama told VOA in an interview recently that the NPP government must focus on the “Ghana Beyond Aid” programme to build a resilient economy.

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He, however, stated that IMF-supported programme would restore investor confidence and bring debts back to sustainable levels.

 

“Investors can again feel confident that they can bring their money to Ghana, then we start from there and maintain that prudence,” he noted.

 

Ghana is seeking support from the IMF for the 19th time. It follows the rising of inflation and interest rates as well as the depreciation of the cedi.

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Source: DGN

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