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Ghana going to the IMF wasn’t part of the plan, says Akufo-Addo

Akufo Addo has defended his choice to seek IMF financial help to aid Ghana's economic recovery from the COVID-19 epidemic and the crisis in Ukraine

President Nana Addo Dankwa Akufo-Addo has said that the decision to seek help from the IMF was “painful but necessary,” stating that all options were considered before the choice was made.

Speaking in a national address on Sunday, May 28, 2023, the President said “It was a painful decision for me to take.”

“Because going to the IMF was not part of the economic transformation agenda I had been pursuing, especially as my government had gone the extra mile to bring to a successful end the IMF programme we inherited from the previous government.”

Despite the challenges that may lie ahead, the President remained optimistic and stated that the agreement with the IMF would send a positive message to investors and creditors.

The President also highlighted that this was not part of the original economic transformation agenda he had been pursuing, but it was the best option the current government had to help the Ghanaian economy grow.

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