The nation is insolvent, however John Dramani Mahama, a former president, says they are still having trouble getting an IMF programme.
He is worried that if the IMF contract is not finalized by the end of March 2023, the economy could collapse in its current position.
During a speech on Ghana’s political party financing, Mahama made the remark.
On March 22, the talk was held at the auditorium of the University of Professional Studies-Accra (UPSA).
“Whereas some political actors have advocated state sponsorship for political
parties, the truth is, Ghana is today, broke.
“Ghana is struggling to secure an IMF programme lest the economy collapses totally by end of March 2023, according to the Minister for Finance. This being the case, Ghana cannot, at the moment, absorb additional expenditure streams,” he stressed.
