Akufo-Addo-Bawumia Government Came With Borrowing Mindset – Edudzi Tameklo

A member of the legal team of the National Democratic Congress (NDC), Godwin Edudzi Tameklo, has lashed out at the Akufo-Addo-Bawumia government, saying it went for the bailout from the International Monetary Fund (IMF) to make the books look good for Ghana in order to return to the Eurobond market.

Lawyer Tameklo said since they assumed office, President Nana Addo Dankwa Akufo-Addo and Dr Mahamudu Bawumia failed to borrow only in 2022.

“When this government came to power, they came with a borrowing mindset,” he observed on TV3‘s New Day on Monday, May 22.

He made this observation in a discussion on the $3-billion IMF deal announced on Thursday, May 18.

The legal practitioner insists that Ghana’s economic solution does not lie in an IMF programme.

He said in six consistent years, the current administration has borrowed a total of $13 million but with nothing to show for.

“If you have borrowed this much with corresponding capital intensive projects, Ghanaians will not have a problem,” he stressed.

For him, the government should have requested a bailout immediately after the 2020 elections.

But Government Spokesperson on Governance and Security Palgrave Boakye-Danquah, who was also on the show, said indeed an NDC government would have gone to the IMF after an election.

He insisted that the New Patriotic Party (NPP) is a thinking government and looked for home-grown solutions before going beyond the borders of the country.

“Clearly to go into an IMF programme immediately after a general election means that one is not ready to think outside the box to bring solutions to solve our own predicaments economically. So that’s the NDC for you.”