‘If You Want To Save Ghana’s Economy, Go To IMF’ – Asiedu Nketia Tells Akufo-Addo

The Common Secretary of the biggest opposition get together, the Nationwide Democratic Congress (NDC), Johnson Asiedu Nketia has suggested the President of Ghana, Nana Addo Dankwah Akufo-Addo on what to do to avoid wasting Ghana’s economic system from collapsing.

He made this identified throughout a current submission he made on the famend Ghanaian tv station, TV3.

Talking on whether or not he thinks the federal government should go to IMF for a bailout, the famend politician who is called Common Mosquito mentioned;

“I believe it’s one thing that they’ve to contemplate. If it’s the solely choice that may take us out of this downside then the sooner the higher.

We stored waring that improve in recurrent expenditure will result in borrowing that we won’t be able to pay the curiosity of the mortgage.

Within the final quarter of his administration, President Kuffour introduced single backbone. Instantly NDC took over in 2009 all the employees mentioned if Kuffuor had been in energy he would have applied single backbone.

If the primary 4 years had been very turbulent for us so we went via all these difficulties and we tried to implement the one backbone. Even the World Financial institution mentioned it is probably not a very good factor however we did. The end result was that in the long run, we ended up having nearer to 70 p.c of the nation’s income going into wages and salaries.

This was not sustainable so we mentioned we should do one thing about it. We referred to as discussion board at Senchi and opened the books…we did this and ultimately, we went to IMF and it helped us handle so we went to 2026 below the IMF program.”

Supply: PressInformant