Posted: Friday 8th August 2014 at 15:06 pm

Government’s decision to go to IMF is a mistake


A flagbearer hopeful of the New Patriotic Party (NPP), Stephen Asamoah–Boateng has described government’s decision to go to the International Monetary Fund (IMF) for a financial bailout, as a wrong move.

According to the former Information Minister under the erstwhile John Kufuor administration, government made a mistake by rushing to the IMF when there are people in this country who can offer great ideas to get Ghana out of the current economic difficulties

“When they are in difficulty their only solution is to go outside and get help, you don’t run out for help when you have all the help in the house, sadly that is what President Mahama is doing,” the former Mfantsiman West MP the media Thursday.

President John Dramani Mahama after a meeting with his Economic Advisory Team directed that immediate initiatives be taken to open discussions with the International Monetary Fund (IMF) in support of Ghana’s “programme for stabilization and growth”.

But the NPP flagbearer hopeful maintains that “going to the IMF is a completely wrong route”.

He further admonished government to refrain from always seeking help from outsiders when there are experts and capable people in Ghana and “even in his own party” to help him.

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