Gideon Boako, the New Patriotic Party (NPP) Member of Parliament for Tano North, has questioned the Mahama administration’s claims of economic resilience following the conclusion of Ghana’s International Monetary Fund (IMF) programme, arguing that underlying vulnerabilities are becoming more apparent.

In a Facebook post on Monday (3 August), Boako said the end of the IMF-supported programme had exposed what he described as the fragility of Ghana’s economic recovery.

“The IMF programme is over. The economy is naked again,” he said.

The lawmaker argued that the government’s repeated claims that the economy had become resilient were not reflected in prevailing economic conditions.

“After all, the much-talked-about resilience by government was just a hoax,” he said.

Boako also criticised the government’s fiscal consolidation strategy, contending that it had come at the expense of development rather than representing genuine fiscal discipline.

“The quality of our fiscal consolidation is also highly questionable. It is more of development suppression than fiscal consolidation,” he said.

He cited rising prices of essential commodities, including fuel and tomatoes, as evidence that households continue to face mounting cost-of-living pressures.

“Fuel prices, tomato prices, and so on are really showing the skin of the economy,” Boako added.

His comments come as debate continues over Ghana’s economic direction following the completion of the IMF programme, with the government maintaining that recent macroeconomic gains have laid the foundation for sustained growth, while critics argue that the rising cost of living points to persistent structural challenges.

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