Dr. Cassiel Ato Baah Forson, the minority leader, has reprimanded the government for approving one of the worst IMF schemes.
Ato Forson criticized the government for first insisting it wouldn’t approach the IMF, even though all indications pointed to a collapse of the economy.
The Akufo-Addo-Bawumia government “signed the worst form of an IMF programme since Mansa Musa went on a pilgrimage to Mecca,” he claimed, when it ultimately opted to leave.
On Thursday, Dr. Ato Forson addressed a crowd at the University of Professional Studies, Accra (UPSA) and mentioned that the government had signed one of the worst IMF deals.
Ato Forson tears Akuffo Addo-Bawumia governance apart
“It is important to note that this is the first IMF programme that included a debt restructuring programme, also known as “haircuts,” and it was the first time in Ghana’s history.
The rich, middle class, and even the poor have all suffered because of this ‘haircuts’ programme.
Our banking and financial institutions are now insolvent, bankrupt, and figuratively on their knees as a result of the same debt restructuring.
Ato Forson, the member from Ajumako-Enyan-Essiam called for the Bank of Ghana Governor’s resignation after criticizing him for some of the problems with the economy.
That was in line with the event’s topic, which was to talk about how the economy got to this point of weakness.
The minority will demand the resignation of the governor, his two deputies, and the bank’s directors during a protest march on Tuesday, September 5.