In the midst of the announcement by information minister Kojo Oppong Nkrumah on behalf on His Excellency Nana Addo Dankwa Akuffo Addo directing the finance minister to start negotiation with the IMF for a fund program, the former president has in a facebook post admonished Akuffo Addo to take certain drastic measures in other to secure a succesful program.
In his view , the president must relieve the finance minister of his post and make sure he get credible people to lead the government delegation to negotiate with the IMF.
The former preaident believes, the vice president must as well not be the one to lead that delegation since he is part of the government's Economic Management team that has mismanaged the economy
Below is the full statement of former president John Mahama on what he thinks the president must do to get the country out of the exonomic quagmire in which she finds itself even as we head for an IMF programme.
SACK KEN OFORI ATTA , REPLACE BAWUMIAH AS LEADER OF GOVERNMENT'S DELEGATION TO IMF-MAHAMA
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.
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.
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