Finance Ministry Condemns Mat Whatley’s Telegraph Article as Ill-informed and Prejudicial
The Ministry of Finance has condemned the Managing Director of Okapi Train, Mat Whatley’s recent opinion piece in The Telegraph, describing it as ill-informed and prejudiced.
The Ministry responded to the article’s theme, ‘Why is Britain funding Ghana’s Leftist, Russia-sympathising government?’ in a statement on November 11.
It affirmed that the piece contains a number of “inaccuracies, distortions and innuendo, the most egregious of which is to suggest that there is something improper in the financial relationship between the UK and Ghana.”
“In June this year, the International Monetary Fund helped negotiate a multilateral debt restructuring deal with the US, Germany and 20 other countries, including the UK. The agreement is part of an IMF programme reached with Ghana in 2022, after then President Nana Akufo-Addo and Finance Minister Ken Ofori-Atta defaulted on external debt repayments.”
“The new government of John Mahama inherited an unholy mess of an economy, wrecked by mismanagement, complacency and corruption. Since the change of leadership in January, the exchange rate has stabilised, inflation has fallen, and confidence among creditors and investors has improved.”
It stated that the comment is unnecessary.
Story by Hajara Fuseini
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