Mahama to Ofori-Atta: You’re a failure; don’t go near IMF negotiations

Former President John Mahama has chastised Finance Minister, Ken Ofori-Atta over Ghana’s failing economy, urging President Nana Akufo-Addo to sack him.

Mahama’s comment comes at a time the Government of Ghana is having discussions with officials of the International Monetary Fund  over a possible bailout for Ghana.

A team from IMF is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with government on the economic support it is seeking.

The IMF officials – comprising senior officers from the Fund and local staff – will meet officials of the Finance Ministry, the Economic Management Team and the Presidency during their stay, according to Joy News.

Among other reasons, their visit to the country would largely involve deliberations on the modalities for a package to support Ghana’s ailing economy.

But John Mahama who has commended the Akufo-Addo government for the move has cautioned that the sector minister should not be part of the negotiation team.

Ken Ofori-Atta (L) and John Mahama (R0

“It is imperative that a team of skilled and competent negotiators is put together to obtain the best set of measures with the Fund,” Mahama said in a Facebook post.

He added, “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.”

He tasked president Akufo-Addo to 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.”

Analysts have said the country should have engaged the Fund when the country’s economy was rated downwards.

Bawumia, who chastised the erstwhile Mahama administration over a similar economic conditions and touted the NPP’s credibility over economic growth, is being hounded by Ghanaians on social media for the poor ratings.

Whilst Mahama wants the sector minister sacked for poor performance, he believes Bawumia, whom the NPP wants to endorse as Akufo-Addo’s successor, does not fit to head the Economic Management Team.

The 2020 flagbearer of the NDC said, ”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,” he added.



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