VIDEO: Any government who takes his country to IMF has failed: I still stand by it

The Member of Parliament for the Assin Central Constituency, Mr Kennedy Agyapong has said he still stands by his assertion that any government that takes his country to the International Monetary Fund (IMF) has failed.

Speaking in a viral video sighted by GhanaPlus.com, he said back tracking the statement which he first made when the then National Democratic Congress(NDC) government took the country to the fund would make him loss credibility among the people hence he still stands by same adding that the NPP has failed.

“ I am straight. During the NDC era I said any government that takes his country to IMF has failed so If my government is going to the IMF, do you want me to back track. People will not believe in me. I still stand by it. We have failed”.

Mr Agyapong, however, explained there is a difference between the two IMF appearances made by the two parties”.

According to him, unlike the NDC, his government cannot be blamed citing COVID and the Russian- Ukraine war as the cause.

“Let me clarified this , the mare fact that you have gone to IMF you have failed but there is a difference between the IMF of NDC and the IMF of NPP. Why? Under the NPP we have been unfortunate to have pandemic that is the Covid. As if it is not enough, when it was subsiding then came Russian-Ukraine war where even in America inflation normally hovers around 1,2 percent but now in 40years history of America, inflation is 8. 7% that alone tells you that it is not the fault of NPP”

“In the history of America, I have never seen Americans fighting for baby formula even to feed their kids. Now let go back to the NDC. Was this the situation when they took us to the IMF? The answer is no so that alone tells you that the level of mismanagement of the two parties going to IMF, the NDC’s own is higher than the that of the NPP”.

Ghana goes to the IMF

Ghana is currently in talks with the IMF for a bail out following a statement from the President, Nana Addo Dankwa Akufo-Addo authorizing the Minister of Finance to begins discussions with the fund for support in the wake of the country’s economic difficulties.

The decision is to seek  “payment support as part of a broader effort quicken Ghana’s build back in the face of induced by the COVID-19 pandemic and the Russia-Ukraine crises”.

Source: GhanaPlus.com