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Replace your Finance Minister, he has failed – John Mahama tells Akufo-Addo

Ex-President John Mahama has commented on the government’s decision to have a formal engagement with the International Monetary Fund (IMF).

Ghana’s Information Minister, Kojo Oppong Nkrumah revealed in a statement on Friday, June 1, 2022, that President Akufo-Addo has authorized the Finance Minister, Ken Ofori-Attah to commence formal engagement with the IMF.

This was after he had a phone conversation with the Managing Director of the Fund.

Breaking his silence on the decision taken by the government in a has seen, Ex-President Mahama stated that he welcomes the decision.

He, however, asked President Akufo-Addo to take a bold decision to replace the Finance Minister.

“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,” Mr Mahama wrote.

He further stated: “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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