IMF Bail-out: Engage NDC – Terkper to Gov’t

Seth Terkper, the former Finance minister under the National Democratic Congress (NDC) government has suggested to the government to solicit input from experts beyond the governing New Patriotic Party as it engages the International Monetary Fund (IMF) for bailout.

Terkper said the government must hold a national forum to help solicit non partisan inputs before meeting the IMF team.

On Friday (1 July 2022), Ghana announced that it is officially seeking support from the IMF to help address the economic crisis.

The Minister of Information, Kojo Oppong Nkrumah, said the president had “authorised Finance Minister Ken Ofori-Atta to commence formal engagements” with the IMF.

The announcement followed a phone conversation between Akufo-Addo and the president of the IMF, Kristalina Georgieva, he said.

National forum

“If we really want to make this IMF issue strictly non partisan then I would suggest that the stalwarts on both sides be engaged on a national forum so that the brains come from all sides,” Terkper said on The Asaase Breakfast Show on Monday (4 July).

“Most of the discussions that we are making have already been touched upon by some academics; let us engage them and get the experience on board to facilitate Ghana’s future,” he told the show host, Kwaku Nhyira-Addo.

He added: “A national forum will give us the opportunity to come to a consensus that will better place us in discussing terms with the IMF. This is my opinion, which John Mahama has already suggested.”