NDC went to IMF due to mismanagement, there was no crisis when they did – Afenyo-Markin

Deputy Majority Leader in Parliament, Alexander Afenyo-Marking has told the Minority that the National Democratic Congress (NDC), when in government, went to the International Monetary Fund (IMF) for support due to mismanagement of the economy.

The Effutu lawmaker stated on the floor of Parliament Friday July 1 that at the time the NDC went to the IMF, there were no major international crises that affected global economy.

He said these when the Minority taunted the government with IMF while the Minister of Food and Agriculture Dr Owusu Afriyie Akoto was answering questions in the House.

“This candid decision by government through a statement by the Minister of Information, it is as though they don’t know about IMF, you have been to IMF when you were not confronted by an international crisis, you went to IMF because of mismanagement. Why are you now telling us that we are going to IMF? “He said.

“Mr Speaker, when they were in government there were no international crisis yet they went to IMF.”

President Nana Addo Dankwa Akufo-Addo has instructed his Finance Minister Ken Ofori-Atta to commence formal engagements with the IMF inviting the Fund to support an economic programme put together by the Government of Ghana.

This follows a telephone conversation between the President and the IMF Managing Director, Miss Kristalina Georgieva, conveying Ghana’s decision to engage with the Fund.

The Ministry of Information announced this in a statement on Friday July 1.

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A Deputy Minister of Finance, Mr John Kumah said an IMF programme will help the country to come out from the economic challenges faster.

He said the government hopes that the programme will benefit the country.

“Our objective as government is to restore confidence in the economy and rebound it from the difficulty, from the challenges, not only in Ghana but almost all economies around the world.

“We believe that where we stand now, an IMF intervention will help us come out quicker than we could. We hope that it will benefit the country,” he told TV3’s Komla Adom on the mid day news on Friday July 1.

Source:3news.com