Kodjo Essiam Mensah Abrampa, Director-General (DG) of the National Development Planning Commission (NDPC), claims that the President made the decision to visit the IMF without consulting the NDPC or seeking its input.
Dr. Abrampa, however, expressed confidence that Ghana’s journey to the IMF will be successful if it negotiates effectively and follows the agreed-upon execution path.
On July 1, President Akufo-Addo made the announcement that he had given his Finance Minister the go-ahead to formally begin talks with the IMF in Washington, D.C., in order to get a bailout from the nation’s spiraling inflation, high cost of living, and dwindling import cover.
That was the 17th time independent Ghana had requested assistance from the IMF.
This move, however, met a lot of furore from across the country, what-with the Akufo-Addo regime having earlier ‘sworn’ umpteen times it would never go to the IMF. Nnawotwe Yi on Adom TV, featured the DG of the NDPC which is charged to do national economic planning into the future, advise the President in that regard and is also supposed to be consulted by the President on major moves on the economy. Nnawotwe Yi host Chief Jerry Forson asked whether President Akufo-Addo consulted the NDPC… “If for the 16 times Ghana went to the IMF, the institution couldn’t help Ghana develop beyond getting broke, will the 17th time do the magic?, Nnawotwe Yi asked the GNPC boss.
He said that the IMF is not for development but rather for alleviation.
Dramani Mahama, the former president of Ghana, has requested the resignation of Finance Minister Ken Ofori-Atta in relation to the same impending economic catastrophe and the IMF’s return.
When asked directly to support or reject Mahama’s demand, Dr. Abrampa hesitated a little before saying Mr. Ofori-Atta is still the President’s finest candidate to represent Ghana at the IMF and to oversee the Treasury.