Financial analyst Alhassan Mutawakilu of Dalex Finance has expressed satisfaction with Cassiel Ato Forson’s vetting process, during which the finance minister-designate clarified a statement he previously made in the media about seeking additional funding from the International Monetary Fund (IMF).
According to Mutawakilu, Mr. Forson explained that he had not explicitly committed to pursuing further IMF assistance. The financial analyst welcomed this clarification, as he personally believes that additional IMF funding should not be the solution to Ghana’s economic challenges.
“One issue that caught my attention was when he mentioned earlier in the media that he could go for additional IMF funding. During the vetting, however, he clarified that he didn’t explicitly say he was going for IMF funding. For me, that was a positive, because I don’t think we should rely on additional funding from the IMF,” Mutawakilu remarked.
He also outlined alternative strategies to strengthen Ghana’s economy, suggesting that significant funds can be generated domestically without depending on external aid. He emphasized the importance of enhancing internal financial systems and recovering lost state funds, highlighting the role of the NDC’s Operation Recover All Loot (ORAL) committee in broader economic recovery efforts.
Mutawakilu pointed to the staggering figure of “$18.4 trillion,” which he claimed represents the total amount believed to have been misappropriated. He argued that even retrieving 10 percent of this amount could significantly improve the country’s finances, offering a critical opportunity to ease fiscal pressures and enhance economic stability.
“Even if we are able to retrieve 10 percent of that amount, it’ll help,” Mutawakilu said.
Source: A1Radioonline.com | 101.1MHz | Gifty Eyram Kudiabor | Ghana