Former Lecturer Claims Black Man’s Incapability to Manage Affairs, Citing IMF Conditionalities on Ghana’s Bailout Deal
Dr. Richard Amoako Baah, a former political science lecturer at the Kwame Nkrumah University of Science and Technology, has expressed his views on the conditionalities attached to Ghana’s $3 billion bailout deal with the International Monetary Fund (IMF). In his statement, he opined that the black man is incapable of effectively managing his own affairs, leading to the imposition of stringent conditionalities that negatively impact ordinary Ghanaians.
Dr. Amoako Baah attributed the prevalence of corruption and economic mismanagement as the primary factors eroding the dignity of the black man. Consequently, he argued that other nations, such as China, will assume the responsibility of managing the affairs of black individuals.
During an appearance on The Citizen Show with guest host Nana Ama Agyarko on Accra 100.5 FM, the former university lecturer expressed his concerns, stating that Ghana has reached a regrettable state. He further cautioned that failure to repay China’s $1.6 billion debt could result in the Chinese demanding severe consequences.
Dr. Amoako Baah criticized the IMF for its perceived lack of due diligence in approving Ghana’s bailout package. He accused Ghana of influencing the IMF board through corrupt practices to secure their support.
According to the political science lecturer, there are numerous unanswered questions surrounding the management of Ghana’s economy over the years. He emphasized that accountability should be demanded from the IMF, which traditionally insists on it but appears to fall short in this particular case.
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