The continuous stay in office of Finance Minister Ken Ofori-Atta and the Governor of Bank of Ghana (BoG), Dr. Ernest Addison will make it difficult for an International Monetary Fund (IMF) program to be approved as the confidence in the economy is at an all-time low that is the position of former Staffer in the Mahama administration PV Dadson Jantuah.
He notes the poor posture, bad handling of the economy and reckless spending spearheaded by these two keep pushing the IMF negotiators away in reaching any deal soon.
The NDC man in on Kumasi-based radio station monitored by Ashantibiz.com noted that he will be really surprised if any deal is reached soon while these two individuals are in office.
“ How can a person who created the problem will be trusted to bring out the solutionwhiles he has brought us solutions that have not worked”, he wondered
“I am telling you they don’t understand what is going on. They went to Peduase in March this year, to outline policy to salvage the economy, look at one year where we are… so they simply have no idea where they have run this country to and they have nothing under their sleeves”
“The next two years will be worse, let me assure you we may not get a program with the IMF. Mark my words today because by end of this week, they will tell us to go and restructure our external debt too because the rule is that when a country reaches debt unsustainability there is no way IMF will you a program”., he said.
He is calling on the government to tell Ghanaians of the realities ahead and open up so people are much prepared.
“In fact the government is not truthful to us. When they left the IMF they had a party kenkey because they realized they now had a free system to operate and they operated and look at where we find ourselves now. Now nobody is ready to lend us money”
“Why is the Governor of the BoG, telling us now that our debt to GDP is 100 % , when was the last time that we borrowed? We have not borrowed for almost 6 months now, why is he telling us our debt to GDP is 100 % now”, he quizzed.
Mr. Dadson also parried any suggestion to call a speculator thwarting the government’s efforts.
“When this crisis started about two years ago , they given us a handful of assurances which of them has worked? Which of them has given us the slightest indication that things are working? So which panic button am I pressing? I am speaking the truth. They have nothing to offer”, he concluded
Ashantibiz
