Information Minister Kojo Oppong-Nkrumah has admitted that securing the deal with the International Monetary Fund (IMF) is not the only panacea to dealing with the current economic challenges.
The Minister posited that the government was aware of the challenges and would put in measures to address them.
He assured Ghanaians that the processes leading to Ghana securing the bailout from the IMF were almost complete, but that alone would not solve our economic woes.
“The Government of Ghana has had an enhanced programme which has been designed to help us recover from major shocks we are suffering. And to make that programme effectual, we will need some balance of payments support from the IMF. And that is what we have been working on, and all indications suggest to us that we should be bringing that to a closure pretty soon. But that is not all the panacea to our economic challenges, we have other programmes to help us to bring back growth, help private sector kicking and get cost of living under control,” Kojo Oppong Nkrumah said.
Meanwhile, former President John Dramani Mahama has asked Ghanaians not to trust in the promises of the NPP because they lack what it takes to turn things around before leaving office.
As a result, he has urged Ghanaians not to put their faith in the NPP and its promises because they lack the ability to revive the country’s economy before the end of 2024.
He made the remarks while speaking to National Democratic Congress delegates in the Upper West Region’s Wa East constituency.
“We have experienced NDC’s administration- after Professor Evans Atta-Mills, I took over from him making it 8 years. And we have experienced NPP for almost 7 years. They are left with one and a half years more, no miracle is going to happen. What they have done is all that they can do, they are not going to add anything to it. So anybody thinking that there will be a miracle is just tickling himself and dreaming. What you have is all there is, there’s going to be nothing more,” Mr. Mahama said.