Member of Parliament for Bortianor-Ngleshie Amanfro, Sylvester Mathew Tetteh, has stated the negative impact of the coronavirus pandemic, as well as the ongoing Russia-Ukraine war on global economies, should not be underestimated.
According to him, the Akufo-Addo-led NPP government is compelled to seek out the International Monetary Fund (IMF) because the times are not normal.
Justifying the decision by the government to go to the IMF for support, Hon. Sylvester Tetteh said the main opposition National Democratic Congress (NDC) has the right to taunt the government for going to the IMF when it said in the past that it won’t.
He stressed, however, that the fact is the world is not in normal times hence, every country is finding avenues to survive.
“For me, the back and forth about the IMF doesn’t solve the problems. I have said the NDC has the right to score political points with respect to our position when they went to IMF. For me, politically I give it all to them.”
The MP said these on TV3’s New Day show with Johnnie Hughes Tuesday, July 5.
“Going to IMF is not a crime, we are a member of the IMF, I have said that on many occasions.” “So, for me, to the NDC, they have the bragging right to say that we said we’re not going to the IMF and today you are in the IMF. On the surface of it, they have the right to brag with it.”
The Government on Friday, July 1 announced that it was seeking support from the IMF.
The Ministry of Finance has announced in a statement that the delegation from the IMF is scheduled to arrive in Accra, today Tuesday, July 5.
Subsequent to the directive by the President of the Republic of Ghana, the Ministry said it has commenced engagement with the Fund to support Ghana’s economic programme.
“Pursuant to this, a delegation from the Fund is scheduled to arrive in Accra on Tuesday 5th July, 2022, to commence in-person meetings with the Government of Ghana on Wednesday 6th July, 2022.