Mon, 04 Jul 2022 Politics

Running to IMF was a collective decision — Kojo Oppong Nkrumah

04 Jul 2022

The Information Minister, Mr. Kojo Oppong Nkrumah has said government’s decision to run to the International Monetary Fund (IMF) for a bailout was President Akufo-Addo’s call sanctioned by cabinet.

The minister was responding to a series of questions regarding government’s decision to run back to the IMF for a bailout on an Accra local radio station, Citi FM’s Breakfast show on Monday, 4th July 2022 monitored by this reporter.

Asked whether Vice President Dr. Mohamudu Bawumia, Vice President and the economic management team were in support of government’s sudden U-turn, Mr. Oppong Nkrumah said the decision to run back to the IMF was a collective decision.

“The decision to run to the IMF for a bailout was a collective one. Some members of this government may have expressed some misgivings in the past. No one has given any indication that he does not support the current stance of the government,” Mr. Oppong Nkrumah has indicated.

Prior to the passage of the E-levy, top government officials, including Dr. Bawumia and the Finance Minister, Mr. Ken Ofori-Atta had indicated strongly that the government would never return to the IMF for any financial assistance regardless of the country’s economic conditions impressing on Ghanaians to support the controversial E-levy as the panacea.

For instance, in one of the NPP town hall meetings, Mr. Ofori-Atta once indicated that going back to the IMF for further assistance will have dire consequences on the economy of Ghana.

“The consequences are dire, we are a proud nation, we have the resources, we have the capacity. We are not short-sighted,” Mr. Ken Ofori has said.

Months after the e-levy had been passed, the fund had failed woefully to generate the expected revenue to shore up the sinking economy, President Akufo-Addo last week directed the finance minister to quickly reach out to the IMF for a bailout.

A Ghanaian Development Communication Specialist, Administrator, and Freelance Journalist based in Ghana, West Africa, with a strong interest in rural development, social advocacy, media engagement, and community empowerment.. More An ambitious media, development communication, and administrative professional with over two decades of experience in public service, journalism, and institutional administration, seeking to leverage a rich and diverse skill set within the communications and development arena. Throughout my professional journey, I have consistently demonstrated leadership, professionalism, innovation, and a relentless drive for excellence in every responsibility entrusted to me. My passion lies not merely in communicating information, but in using communication as a strategic tool for social transformation, community empowerment, and sustainable development.

As a seasoned Development Communication Specialist and Administrator, I strongly believe that communication should serve society responsibly and meaningfully. Journalism, to me, is not simply about putting words and sentences together, reporting events, or entertaining audiences. It is about probing deeper into issues, going beyond the surface, uncovering hidden truths, amplifying marginalized voices, and engaging directly with communities — especially the vulnerable and underserved — to understand their realities and contribute to lasting solutions to their challenges.

Over the years, I have built extensive experience in public communication, administration, stakeholder engagement, media relations, rural sensitization, and social advocacy through my work with Ghana Cocoa Board and my contributions as a freelance journalist and writer in Ghana, West Africa. I have authored numerous articles on national development, governance, agriculture, labour relations, and social issues across major Ghanaian media platforms, demonstrating strong analytical, writing, and public engagement skills.

My academic background in Development Communication and Management Studies has further equipped me with the capacity to design and implement communication strategies that promote behavioural change, community participation, and institutional growth. I am deeply committed to socially responsible journalism, ethical communication, and development-oriented media practice that prioritizes people, progress, and accountability.Column: Analimbey, A. Chris

Disclaimer: "The views expressed in this article are the author’s own and do not necessarily reflect ModernGhana official position. ModernGhana will not be responsible or liable for any inaccurate or incorrect statements in the contributions or columns here." Follow our WhatsApp channel for meaningful stories picked for your day.