Former President, John Mahama is calling on the government to exercise prudence in utilizing the recently approved $600 million IMF bailout to alleviate the economic challenges facing Ghanaians.

The disbursement, approved by the IMF Executive Board on January 19, 2024, follows Ghana’s successful completion of the 2023 Article IV consultation and the first review of the 36-month Extended Credit Facility arrangement.

Expressing concern about the persistent hardships faced by Ghanaians, Mahama emphasised that the Akufo-Addo-led administration must ensure that the funds are used judiciously to bring relief to the suffering citizens.

Despite the release of the first tranche last year, Mahama contends that Ghanaians continue to endure difficulties.

“Under normal circumstances, the release of $600 million by the International Monetary Fund (IMF) to the government of Ghana should provide relief to the already overburdened and suffering Ghanaian. It is, however, evident that Ghanaians will continue to suffer as long as the Akufo-Addo-Bawumia and NPP remain in office,” he wrote in a Facebook post.

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