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Finance Minister, Ken Ofori-Atta has finally reacted to calls for him to resign.

Calls for the Finance Minister to resign heightened when government decided to seek for IMF bailout.

Among them is former President John Mahama.

He said: “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,” Mr Mahama added in a Facebook post on Saturday, July 2.

However, speaking to journalists at the NPP's National Delegates Congress at the Accra Sports Stadium, he said there's no need for him to resign.

“I will not resign” he stated.

“It is almost like telling a father to resign from his children because he is changed his mind. There are times that decisions have to be made for the survival of a country and therefore if circumstances such as COVID or the Ukraine war occur which are not typical, it does change the environment, and sensible people will change their minds" he added.