After jubilating for exiting IMF, you now want to be praised for going back — CEO of West Africa Media Foundation

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Executive Director of the Media Foundation for West Africa (MFWA), Sulemana Braimah responded to the government’s delight after reaching an IMF staff-level agreement (IMF).

He added the same NPP administration jubilated after departing the previous program, which Mahama’s NDC claimed to be superior economic managers.

To him, there’s no reason for the same administration to return to a location they never liked and yet celebrate.

“Sometime ago, they asked us to clap for them for exiting an IMF programme. Now they are asking us to clap for them for being able to have an IMF programme,” Mr. Braimah said in a tweet on Tuesday, December 13.

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Ghana and the IMF have agreed on a three-year, $3 billion deal to boost Ghana’s economic development.

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IMF stated initiative would assist Ghana to guarantee economic stability and debt sustainability.

The Fund said the agreement would safeguard individuals harmed by the current economic crisis and support Ghana’s economic recovery.

“Ghana’s programme aims to restore stability and debt sustainability while protecting the vulnerable, preserve financial stability, and lay the foundation for a strong and inclusive recovery,” a portion of the statement said.

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It stressed, “The economic programme aims to restore macroeconomic stability and debt sustainability while laying the foundation for stronger and more inclusive growth.”

“The staff-level agreement is subject to IMF management and Executive Board approval and receipt of the necessary financing assurances by Ghana’s partners and creditors,” the statement from the IMF added.

This comes after six months of negotiations between both sides since July 1, 2022.

 

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