{"id":1144436,"date":"2022-07-07T23:36:47","date_gmt":"2022-07-07T23:36:47","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/07\/07\/imf-bailout-dr-kwabena-duffuor-on-standby-for-akufo-addos-call\/"},"modified":"2022-07-07T23:36:47","modified_gmt":"2022-07-07T23:36:47","slug":"imf-bailout-dr-kwabena-duffuor-on-standby-for-akufo-addos-call","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/07\/07\/imf-bailout-dr-kwabena-duffuor-on-standby-for-akufo-addos-call\/","title":{"rendered":"IMF bailout: Dr Kwabena Duffuor on standby for Akufo-Addo&#8217;s call"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"522\" class=\"entry-thumb\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/07\/image-46-696x522.png\"   alt=\"\" title=\"Dr. Kwabena Duffuor\"\/><\/div>\n<p>A former Finance Minister in the erstwhile Mills administration, Dr Kwabena Duffuor, says he\u2019s ready to support the government\u2019s bid to seek a bailout from the International Monetary Fund (IMF).<\/p>\n<p>Dr Duffuor said his readiness to assist the government to present a good programme to IMF is for \u201cGod and country\u201d.<\/p>\n<p>He made the comment in an exclusive interview on Asempa FM\u2019s <strong>Ekosii Sen<\/strong> programme Wednesday.<\/p>\n<p>The former Finance Minister\u2019s comment comes as the government begins negotiations with IMF officials on a possible programme.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>The IMF lending to Ghana will be for balance of payments support that is expected to shore up Ghana\u2019s international reserves.<\/p>\n<p>An IMF-supported programme is expected to provide technical assistance to the government to come out with strategies to improve internal revenue mobilisation.<\/p>\n<p>Dr Duffuor, who also took Ghana to IMF under late former President Mills, said he will be happy if consulted by the government.<\/p>\n<p>He cited how in his time, the then government presented its own home-grown policies and received huge financial support from IMF to revive the economy to buttress his point.<\/p>\n<p>Dr Duffuor, who is also a former Governor of the Bank of Ghana, is certain that going to the IMF is the best bet for the Akufo-Addo administration.<\/p>\n<p>\u201cWe go with a good programme and IMF gives us money, the cedi will stabilise, inflation will go down and will give enough money to pay all the outstanding debts,\u201d he added.<\/p>\n<p>He, however, warned that the programme could worsen the plight of Ghanaians if the government fails to present a good programme which will attract fewer conditionalities.<\/p>\n<p>As a patriotic citizen, Dr Duffuor said he was on standby to support the government if contacted to help.<\/p>\n<p><strong>Play the audio below for more of Dr Duffuor\u2019s engagement with host of Ekosiisen, Osei Bonsu:<\/strong><\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"300\" scrolling=\"no\" frameborder=\"no\" allow=\"autoplay\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/1300630093&#038;color=%23ff5500&#038;auto_play=false&#038;hide_related=false&#038;show_comments=true&#038;show_user=true&#038;show_reposts=false&#038;show_teaser=true&#038;visual=true\"><\/iframe><\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"aXHwdwecu1o\"><iframe loading=\"lazy\" title=\"The Peoples Cry: Adom TV set to storm Abossey Okai tomorrow with Badwam - Badwam Afisem (7-7-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/aXHwdwecu1o?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A former Finance Minister in the erstwhile Mills administration, Dr Kwabena Duffuor, says he\u2019s ready to support the government\u2019s bid to seek a bailout from the International Monetary Fund (IMF). Dr Duffuor said his readiness to assist the government to present a good programme to IMF is for \u201cGod and country\u201d. He made the comment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1144438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[705,4832,160,9063,3074,228,15067],"class_list":["post-1144436","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics","tag-akufoaddos","tag-bailout","tag-call","tag-duffuor","tag-imf","tag-kwabena","tag-standby"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1144436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1144436"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1144436\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1144436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1144436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1144436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}