Nkonkonsa Celebrity Gossip From Africa
Flagbearer of the National Democratic Congress (NDC), John Mahama has described Ghana’s return to the International Monetary Fund (IMF) for a US$3 billion extended credit facility arrangement as the butt of jokes.
According to him, Ghana seeking a bailout from the IMF is a clear indication that President Nana Addo Dankwa Akufo-Addo’s mantra ‘Ghana Beyond Aid Agenda’ is mere rhetoric with no action.
Speaking at the Special Guest of Honour at the 7th Ghana CEOs summit, Mahama said “Indeed our return to the IMF – cup in hand – has made our Ghana Beyond Aid policy the butt of jokes amongst many commentators in the world.”
He stated that it will require the ability to determine our economic policies that prioritize the well-being of our citizens and create an environment conducive to the advancement of sustainable growth and development for job creation.
The programme, endorsed by the IMF board is spread over 36 months under the Extended Fund Facility.
It aims at restoring macroeconomic stability and debt sustainability, as well as implementing wide-ranging reforms to build resilience and lay the foundation for stronger and more inclusive growth.
NKONKONSA.com
