Features
Going to the IMF
• President Nana Akufo-Addo
When Ghana decided to go to the International Monetary Fund (IMF), it generated a range of heated debate among scholars in Ghana and other sections of the public. While some people supported the idea, others did not, claiming that Ghana can manage its own economic programmes without going to the IMF.
In the case of members of the Minority, they hailed the decision as good, pointing out that the economy has been mismanaged. Obviously, this was meant to seek equalisation since in 2015, their government, that is the NDC, had to go to the IMF for poor economic performance.
After series of debates as to whether the country should go to the IMF for support, the government of Ghana has taken the decision that at this time in the global economic situation, the country needs to go for some assistance.
Going to the IMF is not a crime because Ghana is a member of the Fund and can always go for assistance there. However, sound economic management and pursuing the interest of the country is what matters.
The assistance from the IMF has become necessary because, according to the government, the COVID-19 together with unfavourable global economic condition has made it difficult for the country to stand on its own, looking at the serious challenges affecting Ghana just like many other countries in the world.
Global economic events are not favourable to the whole world and that is why as many as 100 countries have gone for IMF support.
It has been explained that support from IMF will help the country to get balance of payment to enable it perform better in the days ahead.
The IMF is an international body that has been set up to achieve balance of payment support for member countries who decide to go to the international body for assistance. It is a body that plays a useful role in the economic development of countries.
The government of Ghana under President Nana Addo Dankwa Akufo-Addo has managed the economy well. A look at many of the ongoing projects in the country show that the economy will soon pickup to run shoulder-to-shoulder with other countries that are doing well as was seen in the pre-COVID-19 period. Every effort has been made to ensure that the economy performs better to improve upon the welfare of Ghanaians.
Unfortunately, the COVID-19 which affected all parts of the world forced the government to spend heavily to save the lives of people. According to President Akufo-Addo, it would be better to protect the lives of people and prevent them from dying as a result of the effect of COVID-19. He pointed out that in the case of economies that are destroyed, it would be possible to revive them whereas in the case of human lives, they cannot be revived once lost.
In light of all these, we are of the view that the people of Ghana ought to be united behind the government, so that at the end of it all, a developmental agenda can be pursued for all Ghanaians irrespective of political affiliations.
We are very much aware that 100 countries have all applied to the IMF for one form of bailout or the other. In this connection, therefore, it is clear that the unfavourable global economic situation together with COVID-19 has adversely affected every country in the world.
In view of the unfavourable global economic situation, the IMF threw out invitation to countries that want assistance to come forward for various assistance.
From this perspective, it is appropriate for Ghana to take advantage and go to the IMF for assistance contrary to its previous position that it would not go for such assistance.
In fairness to government, it should be acknowledged that from 2017 up to the 1st quarter of 2020, the economy of Ghana was performing creditably well to the admiration of many other countries in the world.
Unfortunately, the sudden emergence of the COVID-19 pandemic ate substantially into the resources of the country and threw all projections out of gear. As if this was not enough, the high rise of crude oil worldwide, moving far above the $100 mark also added salt to injury and worsened the economic conditions of the country. As a member of the IMF therefore, Ghana has every right to seek assistance from this international body so that the economic situation can be made a bit bearable for the country.
What we should be concerned about is for government and the negotiation team to put forward the best cards for the country so that at the end of it all, the economic interest of the country would be maximised. We are urging the team negotiating with the IMF to prepare adequately and ensure that the best alternatives and options are what are given the country.
The economic situation all over the world in both developed and developing countries has become very unfavourable and harsh, making life extremely difficult for ordinary people. In this connection, we are urging all Ghanaians to remain calm behind government in the hope that what comes out from the negotiation with the IMF will be in the best interest of the country.
In conclusion therefore, the point must be noted that we need to put politics aside and in all fair mindedness agree that Ghana‘s economy has been managed well. In spite of the unfavourable economic global situation, the country recorded over 5% growth during the first quarter of 2022. Again, the World Bank has praised Ghana, saying that they are optimistic that the country will overcome its economic challenges.
All Ghanaians must therefore support the government in the hope that all is not lost and that very soon the economic indicators of the country would exhibit positive growth to overcome challenges like the inflation currently facing the country as a result of the Russian-Ukraine conflict and the effect of the COVID-19.
By Dr. Kofi Amponsah-Bediaku
Contact email/whatsApp address of author:
Pradmat201@gmail.com (0553318911)
On Sunday, October 11, 2026, it was the turn of Ghanaian Catholics in Finland to lead the singing in the church service of the African Catholic Chaplaincy in Finland (ACCF).
It was indeed a spirit-filled feeling for worshippers present. And for the Ghanaian migrants, the occasion also brought back to them memories of church services in their home country, Ghana.
The ACCF has a roster for each country/community to sing from time to time. Next Sunday will be the turn of the Nigerian community. Other communities that usually sing are the Kenyan/Tanzanian community, the Cameroonian, the Ugandan, group, etc.
A powerful religious experience
The mass services of the Chaplaincy usually give a powerful religious experience and a display of cultural diversity, especially in occasions such as when the Bishop of Helsinki, Bishop Raimo Goyarrola, celebrated mass with the Chaplaincy on Pentecost Day, May 24, 2026.
There was a similar time of spiritual joy last month (September 27, 2026) when Emeritus Bishop Teemu Sippo, former Bishop of Helsinki, visited the Chaplaincy. Bishop Teemu was the main celebrant, assisted by the Chaplain, Reverend Father Thomas Otieno.
Last Sunday, Reverend Father Bernard Sor, a Ghanaian Catholic priest based in Austria, was the main celebrant in the mass service where he performed a rite of baptism. Fr Bernard had celebrated mass a few months ago when he visited his sister and her husband in Helsinki. 
All these well-attended religious occasions indeed leave lasting memories. The homilies (peaching) by the priests usually emphasize religious tenets such as the importance of loving and serving God in truth, existing in peace with our fellow humans to promote unity in diversity, etc.
Unity in diversity and a colourful display of cultures
The African Chaplaincy church services usually produce impressive displays of diverse cultures from different parts of Africa and elsewhere. The events are often spiced by rich cultural displays of dances and colourful attires which are a delight to watch.
On special occasions, members of the Ghanaian Catholic community, in their gay and colourful kente attire and with adowa dance and music, usually lead the procession into the church. Other communities such as the Cameroonian, Nigerian, Kenyan and Tanzanian as well as Sudanese/South Sudanese groups also put up well-choreographed performances from their cultures.
The African Catholic Chaplaincy in Finland
The African Chaplaincy was founded on June 4, 2017, which was a Pentecost Sunday, in a Pontifical High Mass celebrated by Monsignor Emeritus Sippo S.C.I., the then Bishop of Helsinki, at the St. Mary’s Catholic Parish Church in Helsinki.
The Chaplaincy was created by Bishop Teemu in collaboration with the Diocesan body when they detected a great flocking of African immigrants to Finland, the majority of whom were Catholics. This was to give the immigrants a possibility to integrate into the Finnish society by worshiping as Catholics and in their African cultural identity.
The responsibility of the Chaplaincy was given by Bishop Teemu to Father Dr Leonard Wobilla Shwei, who is thus the first Chaplain and ably led the Chaplaincy. He was succeeded a few years ago by Father Thomas Otieno, who continues to move the Chaplaincy forward. Thank you!
GHANA MATTERS column appears fortnightly. Written in simple, layman’s terms, it concentrates on matters about Ghana and beyond. It focuses on everyday life issues relating to the social, cultural, economic, religious, political, health, sports, youth, gender, etc. It strives to remind us all that Ghana comes first. The column also takes a candid look at the meanings and repercussions of our actions, especially those things we take for granted or even ignore. There are key Ghanaian values we should uphold rather than disregard with impunity. We should not overlook the obvious. We need to search for the hidden or deeply embedded values and try to project them.
With Dr Perpetual Crentsil
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She did not find out he was cheating. She found out he was drowning.
It was two weeks after their beautiful wedding. The jollof was still in the fridge. A loan officer called her number-not his-and politely asked, “Madam, please tell your husband to pay his overdue loan. We have been calling him.”
That was how she discovered her new husband had entered their marriage with a hidden debt of over GH¢ 40,000. No cheating. No other woman. Just a financial secret.
And that is how many Ghanaian marriages begin to die. Not with a shout, but with a secret alert on a phone.
We prepare for the wedding. We do not prepare for the wallet.
What is money honesty?
Let me define it simply. Money honesty is not that you both earn the same. It is that you both know the same. It is the ability to sit down and say without fear:
“This is how much I earn.”
“This is how much I owe.”
“This is how I was raised to see money.”
“This is what scares me about money.”
Financial transparency is not about control. It is about clarity. You cannot build trust on top of secrets.
Many couples tell me, “Counsellor, we love each other, love will handle money.” I always answer, “Love is the car, but money honesty is the fuel. Love without honesty cannot move.”
How To Buy Your Marriage Insurance Today – My 5-Step Protocol
If you are engaged, newly married, or even 20 years in marriage, you can still fix this. At Counsellor Prince & Associates Consult—CPAC, this is what I give couples:
Step 1: The 90-Minute Money Naked Session.
No phones, no blame. Each partner writes down on paper: Monthly income, monthly debts, monthly family obligations, savings, and your biggest money fear. Then you exchange papers. Read it. Don’t react for 24 hours. Just absorb.
Step 2: Create OUR Money, YOUR Money, My Money.
You need three pots. OUR money for rent, food, school fees, utilities, properties, and the like— joint contribution. YOUR money and MY money—a small agreed allowance no one questions. This stops the feeling of being controlled.
Step 3: The No-Secret Debt Rule.
Agree from today: No new loan, no new hire purchase, no new family financial commitment above GHS 500 without telling each other first. Not permission, but information.
Step 4: Talk About Your Money Personality.
Are you a Spender or a Saver? Are you Risky or Safe? Most Ghanaian marriages are a Spender married to a Saver. Neither is wrong. But if you don’t understand your partner’s personality, you will call his saving “stinginess” and her spending “wastefulness.”
Step 5: Do a Monthly 30-Minute Money Date
Not an argument date. Light, with tea. “How did we do this month? What worried you? What should we plan for next month?” Couples who do this divorce far less.
My Final Word
Before you say “I Do” at the altar, have pre-marital counselling and also have the money talk on the sofa.
Ask your partner:
“If I lost my job today, how long can we survive?”
“What debt are you bringing into this marriage?”
“How much do you send to your family monthly and will that continue?”
If he or she gets angry that you asked, don’t get married yet. A person who is angry about accountability will be abusive about money.
Marriage insurance is not bought at Star Assurance or Enterprise. It is bought in honest conversations when no one is watching.
The wedding costs one day. The marriage costs a lifetime. Don’t enter a lifetime contract and covenant with hidden costs.
You can still insure your marriage today.
Source:
Counselor Prince Offei, CPAC’s founder, is a leading Mental Health Professional, Marriage Counsellor, Author, ADR Expert/Arbitrator, and Spectator Newspaper Columnist. He writes on relationships, marriage, parenting, special needs support, and their connection to mental health. For therapy, counselling, or enquiries, contact Counselor Prince & Associates Consult (CPAC) in Accra on 0559850604 / 0551428486.
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