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Kojo Oppong-Nkrumah, the Minister of Information, has explained why Ghana’s financial problems go far beyond the current bailout the government is seeking from the International Monetary Fund (IMF).
He stressed that Ghana was a victim of global economic challenges but also that the current bailout support of US$3 billion was hinged on a local programme developed by the government.
“Anytime I speak about the IMF, I am quick to mention that the IMF transaction is not the solution to our problems,” he said in an interview on Joy News’ The Probe programme on November 12.
He continued: “The IMF transaction is financing to underpin our PC-PEG [Post Crisis Programme for Economic Growth], which is our programme to recover from the economic challenges that we’ve had.
“The entire world has had economic challenges. In fact, I was watching a speech of the former President Mahama delivered abroad just about a week ago where he explains how the challenges in the global economy affected the Ghanaian economy.
“Everybody knows that there has been a global economic challenge and it has affected Ghana, and various countries have been developing their various plans,” he added.
NKONKONSA.com
