Ghana MPs suspend demand to oust finance minister until after IMF deal

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

A coalition of Ghana's ruling party members of parliament have called off demands that finance minister Ken Ofori-Atta be removed from office until a support package is negotiated with the International Monetary Fund (IMF).

The ruling New Patriotic Party said in the statement on Wednesday that President Nana Akufo-Addo told them "their demands would be acted upon" following the upcoming 2023 budget reading and culmination of ongoing IMF support talks.

A majority of the NPP's members of parliament on Tuesday asked the president to sack Ofori-Atta and his deputy in order to "restore hope in the financial sector". They vowed not to take part in any government business and to boycott budget hearings until his dismissal.Ghana is in the midst of an economic crisis, as inflation and currency depreciation hit record levels despite repeated and severe lending rate hikes.

Akufo-Addo's office said on Wednesday the president would address the nation on the economy on Sunday evening, after a week of emergency meetings with the central bank, forex traders, and his own cabinet. Ofori-Atta, who is leading negotiations with the IMF after initially opposing a deal, has faced calls for his removal from both of the country's two major political parties.Our Standards:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So is this the best picture/image of the Finance minister you guys could get for your thumbnail? Very appalling Reuters

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ghana ruling party MPs coalition asks president to sack finance ministerA majority of Ghana's ruling party parliamentarians on Tuesday asked the president to sack finance minister Ken Ofori-Atta and his deputy, in order to 'restore hope in the financial sector'. Yes, we are suffering here in Ghana 🇬🇭🇬🇭🇬🇭
Source: ReutersAfrica - 🏆 31. / 53 Read more »