On 1 July 2022, President Akufo-Addo authorised Ofori-Atta to commence formal engagements with the Fund.
“I want to assure you and assure the people of Ghana that we are going to negotiate a good deal with IMF,” Akufo-Addo told New Patriotic Party (NPP) delegates at the party’s annual national conference in Accra on Saturday (16 July). “A deal that would allow us to revive our economy and to continue the task of building an even stronger economy than we had ever.”
According to him, the country is in the position to implement a good arrangement with the IMF.
“We will be in a position not to negotiate, but implement a good arrangement. We have a tradition of taking Ghana out of difficulties.”
Akufo-Addo added: “We took Ghana out of HIPC, we took Ghana out of the derailed IMF programme of 2015. Our party was the one that made it possible, for us to survive the COVID pandemic with one of the lowest mortalities, of any government or any country, everywhere in the world. We have done it before and believe me we are going to do it again.”
“At the height of the pandemic, when people had to stay at home, no single worker in the public sector was dismissed, no salary cuts. On the contrary, not only were they paid in full and their jobs protected, we went further to make it possible, to organise free water, free electricity for the ordinary people of our country,” he recalled.
“Our responsibility is to confront the difficulties that are confronting our people and find an effective solution to it. And that’s exactly what we are going to do. We came to office under an IMF programme, a derailed IMF programme, which we inherited from the Mahama administration,” he added.