Former President John Dramani Mahama has said that any government that comes to office must ensure the country never seeks a bailout from the International Monetary Fund (IMF) again. That, he said, was because constantly seeking bailouts from the organisation creates instabilities thereby threatening the country’s democracy. He made the statement in a television interview on the Voice of America (VOA) Straight Talk Africa programme in Washington DC. Home-grown policiesMr Mahama said engaging in an IMF programme would bring the country’s debts back to sustainable levels and help to achieve policy credibility which would motivate investors to do business in the country. Opportunity for AfricaMr Mahama also stated that the current global economic crisis had presented Africa with a unique opportunity to trade internally.
