Properly Negotiate With IMF — Patrick Yaw Boamah to Gov’t

Patrick Yaw Boamah

Patrick Yaw Boamah, a member of parliament representing Okaikwei Central, has urged the government’s representatives to properly negotiate with the International Monetary Fund (IMF) in order to benefit Ghanaians.

He stated that no government wants to impoverish or make people’s life difficult by policies and decisions.

On Friday, July 1, he told TV3’s Parliamentary Correspondent Komla Kluste that Ghanaians should emphasize “the circumstances that would lead you there.” Second, Ghanaians should focus on the program’s outcomes and the circumstances they will bring about.

“So let us look at the engagements and the discussions that will ensue and the conditions that will come out from the progarmme. So we wish government well that they will negotiate better and ensure that we stay on track to the benefit of everybody.

“No government will say that I want to impoverish the lots or make people’s lives uncomfortable, no government worth it salt will do that but certain circumstances beyond the control will lead to some hardships which we all admit to.”

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According to Mr. John Kumah, the deputy minister of finance, an IMF program will assist the nation in overcoming its economic difficulties more quickly.

He stated that the administration is hoping the program would help the country.

“Our objective as government is to restore confidence in the economy and rebound it from the difficulty, from the challenges, not only in Ghana but almost all economies around the world.

“We believe that where we stand now, an IMF intervention will help us come out quicker than we could. We hope that it will benefit the country,” he told TV3 while throwing more light on the instruction given to the Finance Minister Ken Ofori-Atta by the President to commence formal engagements with the IMF, inviting the Fund to support programmes put together by the Government.

This came after a phone call between the President and Miss Kristalina Georgieva, the IMF Managing Director, in which the President informed her of Ghana’s determination to engage with the Fund.

On Friday, July 1, the Ministry of Information made this announcement in a statement.