In order to help handle the current economic issues, Speaker of the House Alban Bagbin has urged Finance Minister Ken Ofori-Atta to continue to be open and upfront in his dealings.
In order to restore macroeconomic stability and other issues, Ghana is now negotiating with the International Monetary Fund for an economic support program.
As negotiations draw to a close, Speaker Bagbin stated that the government must do well to make sure that public support its commitment to addressing the present economic issues.
Addressing journalists in Ho-Volta region over the weekend, Alban Bagbin called on the Finance Ministry in particular to demonstrate transparency in all its activities and dealings.
“The absence of openness and transparency can lead to suspicion and a profound sense of despair and hopelessness. It is in this regard that I call on the Minister of Finance to muster the courage to be candid, open and to speak truth to power,” he said.
“Don’t come and repeat what we have been told already, we know it. Give us policy alternatives,” Alban Bagbin added.
Meanwhile, the Finance Minister, Ken Ofori-Atta, has come under a lot of backlash and pressure from both within and outside his party, the New Patriotic Party (NPP), to either resign or be sacked by President Nana Addo Dankwa Akufo-Addo over his handling of the economy.
Ghana is however hoping to secure some US$3 billion under an Extended Credit Facility from the IMF once an agreement can be reached.