• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

IMF bailout: NPP has become a victim of their cheap politicking – Felix Kwakye Ofosu

3 years ago
in Business, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
57
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

IMF bailout: NPP has become a victim of their cheap politicking – Felix Kwakye Ofosu

A former Deputy Minister for Information, Felix Kwakye Ofosu, says government’s intention to seek economical support from the International Monetary Fund (IMF) has made it a victim of its own ‘cheap’ propaganda.

According to the politician, the New Patriotic Party (NPP) while in opposition made it their core mandate to vilify the IMF programme when the National Democratic Congress (NDC) administration sought the Fund’s support in 2015.

He noted that President Akufo-Addo who was then NPP’s Presidential Candidate and his cohorts frustrated the erstwhile John Mahama government to win political scores.https://www.youtube.com/embed/O7PFfhYJtQc

On the back of this, Mr Kwakye observed that the government is embarrassed to come out with such an announcement.

“The NPP has become a victim of their own cheap pedestrian politicking. We’ve [Ghana] has gone to the IMF 16 times as many people have said. Up until 2015, IMF programmes were not really such a big deal until the likes of Bawumia, Gabby and Akufo-Addo decided to make it a political hot potato for the NDC [National Democratic Congress] administration.

“So they dabbled in all manner of false claims and demonised the IMF and made them look like they were a bunch of people with horns and tails wielding pitchforks to false problem down our throats and that they were never going to go there,” he said on Saturday.

RelatedPosts

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

He further added, “It is not surprising seeing how humiliated they have become. I mean the IMF announcement has become a tata bolt among the ranks and file of the NPP. They are so humiliated and disgraced that they cannot even man up and mount any credible defence as to why they are going.”

On Friday, news broke that President Akufo-Addo had directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for an economic programme.

In a document issued by the Information Ministry, there has already been a conversation between the IMF boss, Kristalina Georgieva and President Akufo-Addo conveying government’s decision to engage the Fund.

Although at the beginning of the year, the government was adamant about seeking financial support from the IMF, Mr Ofosu said on JoyNews’ Newsfile that the Akufo-Addo government has no option.

He noted that due to the appalling state of the economy, government is in dire need of support and not Electronic Transfer Levy (E-levy).

Tags: IMFIMF bailout: NPP has become a victim of their cheap politicking – Felix Kwakye OfosuNDCNPP
No Result
View All Result

Highlights

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

Trending

Features

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

MTN Nigeria Now the Most Capitalized Stock in Nigeria MTN Nigeria has surged to become the most...

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

US Companies Cut Investments in China to Record Lows, Here’s Why

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.