President of Ghana, Nana Akufo-Addo has said that government’s move to go to the IMF is a good decision as it will help revive the economy.
Speaking at the swearing-in of some new Ambassadors and High Commissioners at the Jubilee House, Nana Akufo-Addo said Ghana’s economy will bounce back.
“I am confident that with determination, hard work, unity, and the proverbial Ghanaian sense of enterprise, we will succeed, we will make it and indeed this too shall pass”.
Following the devastating impact of the pandemic whose effects have been exacerbated by the Russian invasion of Ukraine the President He explained that all the countries of the world were working to return themselves to a state of normalcy following the devastating impact of the pandemic whose effects have been exacerbated by the Russian invasion of Ukraine.
“Economies have been plunged into recession, businesses have collapsed, lives and livelihoods have been disrupted, food and fuel prices have escalated dramatically as global and domestic inflation mount.”
“In our case, we have decided to see the collaboration with the International Monetary Fund to repair in the short run, our public finances, which have taken a severe hit in very recent times,” he added.
The President’s remarks is in accordance with what most government communicators have said on the IMF bailout.
The Member of Parliament for Bortianor-Ngleshie Amanfro, Sylvester Mathew Tetteh, has guarded the public authority’s choice to go to the International Monetary Fund (IMF) to look for a credit and tackle the financial difficulties in the country.
He said the National Democratic Congress (NDC) has the privilege to insult the public authority for going to the IMF when it scrutinized previous President John Mahama for exchanging with the IMF