“IMF must never be trusted again” – Majority Chief Whip fumes

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Rockson Dafeamekpor

Majority Chief Whip, Rockson-Nelson Dafeamekpor, has said the International Monetary Fund (IMF) must never be trusted as an independent and neutral supra-national financial institution.  

The MP questioned the IMF about what exactly they want from the NDC government.

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Rockson-Nelson Dafeamekpor accused the IMF of showing political bias against the National Democratic Congress (NDC) government over their latest assessment of governance in Ghana’s state-owned enterprises (SOEs).

He noted that the IMF tainted the GoldBod report some weeks ago before their latest assessment of governance in state-owned enterprises (SOEs).

The NDC MP urged the IMF to tell Ghanaians if they have descended into the local political arena of conflict and taken sides.

In a post on X, Rockson-Nelson Dafeamekpor wrote, “1. So what exactly do these IMF Country Directors want from the NDC anytime we are in Govt?

2. I have observed rather disconcertingly, the alacrity with which the IMF criticises an NDC-Govt in respect of matters that they’ll actually facilitate for an NPP-Govt to implement.

3. Two quick major examples will suffice: Messrs Peter Mac Manu and Hackman Owusu Agyemang were Board Chairs of GPHA and Cocobod respectively under the Nana Akufo-Addo regime.

3. Obviously, the IMF didn’t know this and, of course, didn’t also the political colouration or rank of these men who led GPHA & Cocobod Boards at the time.

4. I wish to assure the IMF-Ghana Country officers that I can produce a full list of NPP Snr Ranks & MPs who served on every Board of every SOE within 2017 and 2024. I can also do so from 2001 to 2008.

5. Mr IMF Country Director, by your tainted GoldBod report a couple of weeks prior and your present report in question, tells me without doubt that you have descended into the local political arena of conflict and taken sides opposite to me.

6. You must never be trusted again as an independent and neutral supra-national financial institution.

7. As for our gold, ‘forgerrit’.  We will no longer sell it to you. You can continue to fabricate & skew our country reports with a huge anti Ndc slant.

GoldBod ad vitam !!!!”.

Rockson-Nelson Dafeamekpor’s post comes on the heels of the International Monetary Fund (IMF) raising a red flag over political appointments to Ghana’s State-Owned Enterprises (SOEs) boards, citing specifically the Ghana Ports and Harbours Authority (GPHA) chairman Asiedu Nketia.

According to the IMF, the politicisation of board and executive appointments at State-Owned Enterprises (SOEs) could weaken corporate governance, accountability and effective oversight of the entities.

The IMF raised this concern in their report, titled “Advancing SOE Fiscal Risks Management, Financial Oversight, Governance, and Investment Implementation”, published in July 2026

They argued that although Ghana’s legal framework provides for merit-based appointments, the selection of boards of major SOEs remains highly centralised, with significant influence resting with the Presidency.

The IMF cited the Ghana Ports and Harbours Authority (GPHA), whose newly inaugurated 10-member board is chaired by the national chairman of the governing party and also pointed to the Volta River Authority (VRA), where prominent politicians serve alongside technocrats and a traditional leader.

The IMF warned that the appointment structure could undermine the independence of SOE boards.

The report stated, “In practice, boards of major SOEs are largely dominated by political appointees, with board chairs frequently being ministers, members of parliament, or prominent party officials. For example, GPHA’s newly inaugurated ten‑member board is chaired by the national chairman of the governing party, while the VRA board also includes prominent politicians alongside technocrats and a traditional leader. Compared with OECD norms, which caution against active politicians serving on SOE boards and emphasise independent, professional majorities, this represents a significant divergence”.

They further called for merit-based procedures, saying, “Formal and transparent procedures for the selection and appointment of SOE board members and chief executive officers remain insufficiently articulated and institutionalised.

The appointment processes for some entities are not guided by clear, merit-based criteria, competency profiles, or standardised vetting procedures, increasing the risk of politicisation and weakening accountability. This can undermine SOE boards’ effectiveness, dilute fiduciary responsibility, and adversely affect SOE performance.”

See the post below:

@ghnow_ A sister has raised concerns after their son was placed in a school that was not among the eight schools he selected. #GHnow #fyp ♬ original sound – GHnow
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