IMF bailout: Blame non-performing elephant-sized ministers for the programme – Governance and Political Analyst

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Governance and Political Analyst, Mr. Samuel Boateng has described President Akufo-Addo’s appointees as non-performing ministers whose activities has led the country to seek for IMF support to revive the ailing economy.

According to him, the IMF will raise a red flag against the size of the government, adding that he does not understand why President Akufo-Addo still maintains the elephant size government in these challenging times where the country is suffering economically.

Mr. Samuel Boateng made the comment when he was speaking to Nana Kojo Amoasi, on ‘Anopa Ahoto’ on Ahoto 102.3fm  in Takoradi.

He said, the over 100 ministers who are serving in the government have all failed to work to grow the economy, only 10 percent of the ministers are performing.

The Agric Minister, Dr. Owusu Afriyie Akoto is the second worst Minister after the Finance Minister, Ken Ofori-Atta.

These two Ministers and many others should be sacked without delay.

Mr. Boateng Mentioned Health, Education, Road, Agric and Finance Ministries as the main cause of Ghana’s ailing economy.

He was quick to add that, the president is not willing to sack the Finance and Agric Ministers because they are members of the Economic Management Team (EMT) and if he (President) makes any attempt to sack them, especially the Finance Minister, Ken Ofori-Atta, it will affect the political ambition of the Vice President, Dr. Mahamudu Bawamia.

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Mr. Boateng explained that Nana Akuffo-Addo, sacking Ken Ofori-Atta for non-performance clearly means that the NPP ‘Star Boy’ Dr. Bawamia has failed as the head of the Economic Management Team which has a direct consequence of his political career.

He added that the president also needs to reshuffle some of the Ministers to make them become active.

He indicated that the current members of the Economic Management Team lack ideas and from all indications these people cannot propose any better policy that can improve Ghana’s economy.

The economy has recklessly been mismanaged and nothing seems to be working, he said.

“Don’t forget, it was this same government that assured Ghanaians that Ghana would back the IMF reforms with legal and institutional measures to ensure irreversible of the gains made when the Finance Minister, Ken Ofori-Atta went to Parliament for 2019 budget presentation.

He criticized the government for not doing proper engagement and consultation on the implementation of E-levy before its passage.

The government, according to him, created a picture to Ghanaians that the E-levy if accepted and passed will address some of the major challenges the country is facing, two months after it passage, the government has come back to tell Ghanaians that out of the 6.4 billion cedis it projected to get monthly, only 10 percent was received, hence the decision to go to IMF for bailout.

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“You gave us two options to choose and Ghanaians decided on E-levy instead of IMF, so why are you now taking us to IMF which we rejected.

“You brought E-levy to raise some revenue to support the ailing economy, this E-levy received six months frustration from the legislatures before its passage because there were some issues with the policies that was hyped to be to the messiah of the economic challenges.”

“There should have been a proper engagement, this would have allowed Ghanaians to make inputs in the E-levy policy to generate much revenue for the country, because Ghanaians were not ready for the IMF programme.”

Mr. Samuel Boateng revealed that the problem facing the country is the lack of leaders who are critical thinkers. The leaders are not critical thinkers.

Since 1992, Ghana has never had critical thinkers who are able to identify the problems facing the economy and the solution it can best solve it.

He stated the IMF programme will not solve Ghana’s problem, even though, the country is going to the fund for support to revive its ailing economy. The only benefit, Ghana would get from the IMF bailout is that, it will force us to become financially discipline and stop us from reckless spending.

IMF will not come up with any new measures, they will only bare us from doing things that are threats to economic growth. These are conditions, so why do we wait for IMF to tell us what to do before we reason to do them.

2021-2022 budget allocated to the office of the president alone is 3 billion cedis. IMF will not approve this kind of budget; it will ask you to reduce it because it is not justifiable to spend that huge amount of money at the presidency alone.

Mr. Boateng said, when we begin to do the right thing, everything will work properly for us as a country, and we will not go to anybody for support.


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