Ghana’s 17th IMF Bailout: IMF never supported any country to develop, we need a change of mind – Bagbin

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The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has criticised Ghana’s seeking of a bailout from the International Monetary Fund (IMF) for the 17th time. 

Speaking at a public forum in Ho as part of the 30th-anniversary commemoration of Ghana’s Parliament, Speaker Bagbin emphasised that no society in the world has ever developed through the assistance of the IMF.

The speaker said: “The IMF has never supported any country or society to develop,” questioning the efficacy of Ghana’s approach in seeking repeated financial assistance from the international organisation.

Highlighting the need for a change in narrative and a reevaluation of the country’s development strategy, Speaker Bagbin urged a rethink to ensure a more sustainable and effective path for development.

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