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Home Uncategorized

IMF has discovered lies in data from Economic Management Team – Former Dep. Finance Minister

by Ahmed Kabore
October 30, 2022
in Uncategorized
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A former Deputy Finance Minister, Mona Quartey, has alleged that officials of the International Monetary Fund (IMF), have discovered some inaccuracies in the macro-economic figures presented by government’s economic management team.

According to her, this revelation raises credibility issues which can potentially affect the outcome of Ghana’s ongoing engagements with the IMF.

Contributing to discussions on Newsfile on Saturday, the former NDC appointee, expressed her displeasure about the conduct of the economic management team.

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“There has to be a change of the economic management team. This team is no longer credible. This is a team that has lied, not only to the people of Ghana outside your party, but they’ve also lied to you [Akufo-Addo]. And the IMF has found them out. The numbers they gave; the macro-economic numbers they gave were not correct”, she said.

Noting her reservations, the finance expert wondered why the President has refused to sack the members of the economic management team, whom she stressed, have failed in the discharge of their responsibilities.

She added that the Finance Minister, Ken Ofori-Atta, has no business being at post, after supervising the present economic decline.

The comments by Mona Quartey come at a time when scores of Ghanaians are making passionate appeals for the Finance Minister to be sacked.

According to his critics, Mr Ofori-Atta has failed woefully and therefore has no business being at the helm of affairs of leading Ghana’s engagements with the IMF.

Earlier this week, this posture was articulated by some 80 MPS from the ruling government who petitioned the President for Ken Ofori-Atta to be sacked.

Addressing a pres conference on Tuesday, the MPs threatened that they will not support any government business, if the President fails to listen to their demands.

But in a quick turn of events, the MPs, after meeting the President backed down on their calls, aftter the President implored them to allow the Finance Minister to finish the ongoing negotiations with the IMF and presentation of the 2023 Budget Statement.

Touching on this development, Mona Quartey said she is disappointed by the posture of the said MPs.

Meanwhile, Speaker of Parliament, Alban Bagbin, has admitted a motion of censure filed by Minority Members of Parliament to remove embattled Finance Minister, Ken Ofori-Atta.

On Tuesday, the Minority filed a motion to that effect following the Majority MP’s demands to have the Finance Minister and the Minister of State in charge of Finance at the Ministry of Finance, Charles Adu Boahen dismissed.

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