Former President John Dramani Mahama has expressed concerns over the damage to Ghana's reputation caused by the policies of the Akufo-Addo government.
Mahama believes that the implemented policies have done little to promote the country's development and benefit its citizens.
During the 7th Ghana CEO Summit and Expo in Accra, Mahama criticized the Ghana Beyond Aid agenda as an example of inefficient policy direction.
The summit aims to bring together stakeholders, including the CEO Network of Ghana, to restore the country's economy and achieve sustainable economic sovereignty.
Mahama stated that the commitment to eliminating Ghana's dependence on foreign aid has become nothing more than a mere slogan due to the lack of effective implementation.
He emphasized that Ghana has become a subject of ridicule on the international stage, especially as it receives a $3 billion bailout from the International Monetary Fund (IMF) to prevent economic collapse.
“Our return to the IMF – cup in hand – has made our Ghana Beyond Aid policy the butt of jokes amongst many commentators in the world. It will take a resolute and committed political will to determine our own economic destiny,” Mahama remarked.
He stressed the importance of determining Ghana's economic policies, prioritizing the well-being of citizens, and creating an environment conducive to sustainable growth, development, and job creation.
President Akufo-Addo, on the other hand, countered the claims that his government sought the IMF bailout due to economic mismanagement.
Akufo-Addo attributed the decision to prevailing conditions, including the inherited four-year power crisis ‘dumsor' and the impact of the COVID-19 pandemic.
The President highlighted these factors as compelling reasons for seeking the IMF program.
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