The Member of Parliament for the Bawku Central Constituency, Mahama Ayariga, says that the country’s economy is not improving, despite claims by the International Monetary Fund (IMF) to the contrary.
In a recent interview with Citi TV, Ayariga said, “Clearly, we really haven’t gone far beyond just trying to manage the situation. I don’t see improvement. I will only talk about improvement when I see prices start coming down.”
His remarks come after Kristalina Georgieva, the Managing Director of the IMF, expressed a positive outlook on Ghana’s economy, acknowledging a substantial improvement in the country’s economic standing over the last month.
Ghana recently received a $3 billion IMF support package and is presently undergoing its inaugural program review, with the review’s conclusion scheduled for November.
Georgieva expressed her strong hope for the disbursement of a $600 million second tranche of IMF funds, slated for November, underscoring its significance in fostering confidence in Ghana’s economic stability.
However, Ayariga is skeptical of the IMF’s claims, arguing that the ordinary Ghanaian is not feeling the effects of any economic improvement.
“I don’t expect the IMF to come and say that in spite of the injection of the money, in spite of what they have caused, [or] been part of causing the government to inflict on the people,” he said.