Government’s Decision To Seek IMF Bailout Late But Welcoming – Akwatia MP
The Member of Parliament (MP) for Akwatia in the Eastern Region, Henry Boakye Yiadom popularly known as Okoyo, 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 an interview with Obuoba Ofori Amanfom the host of Akyem Aboabo-based Ahenkan FM’s ‘maakye’ show, Mr Henry Boakye 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.
“We [Minority in parliament] 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.
Mr Henry Boakye also encouraged Ghanaians to brace up for more economic hardships for the next two to three years because it will take some times for the economy to bounce back.
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.
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