Mahama welcomes IMF move; Calls for Ofori-Atta sack

Former President John Dramani Mahama has charged the New Patriotic Party (NPP) government to draw useful lessons from the current episode and avoid cheap politicking with the economy.

That, he said, can only yield the disastrous outcomes that have brought the Ghanaian economy to its knees.

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.

In a post on his Facebook wall, the former President welcomed President Nana Akufo-Addo’s decision to formally engage the IMF for a bailout but argued this could have been done earlier.

Mr. Mahama called on the President to make a bold decision and sack Finance Minister Ken Ofori-Atta and replace him with a more competent person willing and able to work tirelessly to turn round the almost hopeless situation.

Read the text of the post below:

I 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.

Beyond the announcement of engagement with the IMF, a comprehensive home-grown programme should be fashioned out and presented to the Fund for support. It is imperative that a team of skilled and competent negotiators is put together to obtain the best set of measures with the Fund.

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.

President Akufo-Addo must 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.

In addition, 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.