While former President John Dramani Mahama welcomes the decision of the government to run to the International Monetary Fund (IMF) for a bailout, he says the Finance Minister must be ousted from the deal’s team of negotiators.

According to him, the Finance Minister Ken Ofori Atta has mismanaged the country economy, enhance he must not be tolerated as part of the team of negotiators.

He described Ofori Atta performance over the past five years under the Akufo-Addo regime as “The Finance Minister who has supervised the disastrous collapse of the economy…”

In his Saturday’s morning post on social media, Ex-President Mahama did not spare Vice President Dr Mahamudu Bawumia who on many occasions during the run-up to the 2016 election referred to him as incompetent.

He said Dr Bawumia as matter of urgency must be relinquished off his position, as the Chair of the Economic Management Team.

Former President Mahama’s comments follows the announcement of President Akufo-Addo instructing Ofori Atta to engage the IMF for bailout yesterday.

The following is the full texts of Ex President Mahama:

I welcome President Akufo-Addo’s decision to formally engage the IMF with the view to entering into a programme under the Fund.

Though belated, it should mark an important step towards addressing the dire economic situation, which has left Ghanaians wallowing under intense suffering and hardships.

Beyond the announcement of engagement with the IMF, a comprehensive home-grown programme should be fashioned out and presented to the Fund for support. It is imperative that a team of skilled and competent negotiators is put together to obtain the best set of measures with the Fund.

The Finance Minister who has supervised the disastrous collapse of the economy cannot and should not be part of the team of negotiators. He has lost credibility and the trust and confidence of stakeholders in our economy.

President Akufo-Addo must take a bold decision to replace his finance minister immediately with a more assured and competent person who is willing and able to work tirelessly to turn our almost hopeless situation around.

In addition, given his obvious failures, the Vice President must be relieved of his responsibility as Chair of the Economic Management Team to enable the President to reconstitute the team.

We must draw useful lessons from this episode and avoid cheap politicking with the economy; that can only yield the disastrous outcomes that have brought us here.