IMF Bailout: I will not resign-Finance Minister

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Even if he was against it in theory, Ghana’s decision to request a bailout from the International Monetary Fund (IMF) has prompted Ken Ofori-Atta, the minister of finance, to say he will not step down.

President Akufo-Addo gave Ofori-Atta the go-ahead to start formal talks with the Fund on July 1, 2022.

Following the announcement, the minister has received numerous resignation requests.

On Saturday, July 16, Ofori-Atta told the media at the New Patriotic Party (NPP) annual national delegates’ convention that resignation is not the right course of action at this time.

“I will not resign,” Ken Ofori-Atta said.

It’s similar to asking a parent to stop being a father to his kids because he has changed his mind.

Sometimes, judgments must be made to ensure a nation’s survival; as a result, if events like COVID or the Ukraine war arise that are unusual, it does alter the atmosphere and rational people will change their thoughts, Ofori-Atta continued.

In a previous government announcement, it was stated that “the engagement with the IMF will strive to provide balance-of-payments support as part of a broader effort to hasten Ghana’s build-back in the face of challenges imposed by the COVID-19 pandemic and, most recently, the Russia-Ukraine crises.”


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