Going to IMF is like handing over power to NDC straight away-Kennedy Agyapong

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The aspiring presidential candidate for the New Patriotic Party (NPP) and Member of Parliament for Assin Central, Kennedy Agyapong has stated the Party going to the International Monetary Fund (IMF) for an economic bailout is like handing over power directly to the opposition National Democratic Congress (NDC).

“Going to the IMF is just like handing over power to the NDC straight away because of the noise we made. Throwing my own words back when I said the NDC went to the IMF because of the mismanagement of the economy or the government. So if NPP is going to IMF what am I going to say.

Addressing the party National Constituency Officers at Welfare workshop at Koforidua withinside the Eastern Region Friday, Mr Agyapong expressed disgust approximately the flow with the aid of using the authorities to are seeking for a bailout from the IMF.

According to the maverick MP the NPP cannot win the 2024 elections with the current leadership who are taking the state to the IMF.

“So ‘breaking the 8’ is going to be tough. You cannot use the faces of those who took us to the IMF to ‘break the 8’. It will not work. My message to you is simple, you can read my lips and I am not scared of anybody in the party,” Mr. Agyapong disclosed.

He continued: “What I tell you is the gospel truth, those who took you to IMF they cannot, these same faces, they cannot ‘break the 8’. A word to a wise person is enough. I was very sad today when I saw the publication that we are going to the IMF.”

President of the republic Nana Addo Dankwa Akufo-Addo has asked the Finance Minister, Ken Ofori-Atta, to start formal engagements with the International Monetary Fund, for a monetary programme.

A letter signed via way of means of the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 shows that there had already been a communique among the IMF boss, Kristalina Georgieva and President Akufo-Addo. conveying government’s choice to have interaction the Fund.

“The President of the Republic, Nana Add Dankwa Akufo-Addo, has approved the Finance Minister, Ken Ofori-Atta to begin formal engagements with the International Monetary Fund to guide a monetary programme Cabinet at an assembly on June 30th, 2022, supported government’s choice to pursue a monetary programme from the Fund.

“The engagement with the IMF will seek to provide balance of payment support as part of a broader effort to quicken Ghana’s build back in the face of challenges induced by the Covid-19 pandemic and, recently, the Russia Ukraine crises.” The statement added.

Source: Ghanatodayonline.com

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