Remove Bawumia as the head of EMT, he is a failure- Mahama to Prez

Former President John Mahama has admonished President Akufo-Addo to remove Vice President Mahamudu Bawumia as chair of the Economic Managment Team.

He asked him to remove the Vice President and find a competent person to head the team.

He was responding to the decision by the government to seek a bailout at the International Monetary Fund (IMF).

In a statement Mr. Mahama said Ghana should present a home-grown solution to the IMF.

“I welcome President Akufo-Addo’s decision to formally engage the IMF with the view to entering into a programme under the Fund.

“Though belated, it should mark an important step towards addressing the dire economic situation, which has left Ghanaians wallowing under intense suffering and hardships.

“Beyond the announcement of engagement with the IMF, a comprehensive home-grown programme should be fashioned out and presented to the Fund for support. It is imperative that a team of skilled and competent negotiators is put together to obtain the best set of measures with the Fund,” Mr Mahama said.

He also wants the Finance Minister to be sacked since he has lost credibility.

“The Finance Minister who has supervised the disastrous collapse of the economy cannot and should not be part of the team of negotiators. He has lost credibility and the trust and confidence of stakeholders in our economy.

“President Akufo-Addo must take a bold decision to replace his finance minister immediately with a more assured and competent person who is willing and able to work tirelessly to turn our almost hopeless situation around.

“In addition, given his obvious failures, the Vice President must be relieved of his responsibility as Chair of the Economic Management Team to enable the President to reconstitute the team.

“We must draw useful lessons from this episode and avoid cheap politicking with the economy; that can only yield the disastrous outcomes that have brought us here”.


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