Minority Leader Dr Cassiel Ato Baah Forson has chastised the government for signing one of the worst programmes under the International Monetary Fund (IMF).
He chided the government for initially claiming it would not go to the IMF after all signals showed the economy was in comatose.
But he said when it finally decided to go, the Akufo-Addo-Bawumia government “signed the worst form of an IMF programme since Mansa Musa went on a pilgrimage to Mecca”.
Addressing the audience at the University of Professional Studies, Accra (UPSA) on Thursday, Dr Ato Forson noted that the government signed one of the worst packages under the IMF.
“It is worth noting that this is the only IMF programme that came with a debt restructuring programme, in other words, ‘haircuts’- the first in the history of Ghana.
“These ‘haircuts’ programme has impoverished the rich, the middle class and even the poor.
“This same debt restructuring has rendered our banking and financial institutions insolvent, bankrupt and, literally, on their knees.”
The Ajumako-Enyan-Essiam lawmaker took on the Bank of Ghana Governor for some of the ills of the economy, calling for his resignation.
That resonated with the theme of the event, which was to discuss how the economy has come to this low level.
For the Minority, a protest march on Tuesday, September 5 will see them demand the resignation of not only the Governor but also his two deputies as well as directors of the bank.
