A senior lecturer at the University of Ghana, Professor Godfred Alufar Bokpin, has downplayed the significance of any assistance from the International Monetary Fund (IMF) to the country.
He stated that previous supports from the IMF has failed to achieve its intended expectations.
Although the government believes going to IMF is the last resort, he maintained that any support from the Bretton Wood institution will do very little in current times.
“Let’s not create the impression that our economic salvation is in the hands of the IMF. Not at all. We are at a situation where we think that it is the last resort and that we don’t have an option. And I will tell you why.
“The 16th IMF programme actually failed with the supervision of the IMF to deliver on some programme outcomes. The IMF is aware, and the government is also aware, that we could not achieve the sustainability the way we had envisaged, or the year marked in the original 16th IMF programme,” he told Winston Amoah, the host of JoySMS on Tuesday, June 28.