The International Monetary Fund (IMF), according to Associate Professor Lord Mensah of the Department of Finance at the University of Ghana Business School, does not represent a reformative strategy by the government.
The Associate continues to maintain that the government is continuing to act in the same manner.
In a report on the state of Ghana’s economy, Finance Minister Ken Ofori-Atta stated that although the government has obtained the IMF’s extended credit facility, the country’s economic problems are still there.
He claims that the IMF programme merely serves as a prelude to the implementation of a plan that will implement the essential economic changes.
But, the Associate Prof said that in order for the government’s economic goal to be effective, Ghanaians will need to support it when discussing the subject on Morning Starr with Francis Abban.
We might need to push ourselves aggressively in the short term. Because of this, I believe that the Finance Minister is preparing Ghanaians’ minds by emphasising the need for such help in order for them to be able to obtain their cards.
Then, the government’s own operations, such as those of the Executive up to and including Article 71, should be increased, as should Parliament’s expenditures. The average Ghanaian is more or less being asked to shoulder the costs and sacrifices required, according to Associate Prof. Lord Mensah.
“But in order to acquire the people’s buy-in, the leadership must go one step farther so that the people will look at what they are doing and perhaps buy into the programme,” he concluded. But I assure you that it will be challenging without the support of the populace.
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