Dr. Onsy Nathaniel Kwame Nkrumah has asked President John Mahama not to go for an International Monetary Fund (IMF) bailout because the move is not in the interest of the nation.

His concerns were contained in an open letter he fired to President Mahama from his California, USA, base where he is the Founding President of the United Africa Organisation (UAO) which seeks to unite Africans in the Diaspora.

“I am calling and pleading with President Mahama not to take Ghana back into the financial shackles and heavy chains of the IMF for the sake of all struggling Ghanaians who form the greatest majority of our people,” he said.

Ghana, he maintained, should be going forward and not looking backward and into bondage which an IMF bailout according to him, would land Ghana.

Such a move, he went on, would be tantamount to a new bondage and a worst form of financial slavery or financial colonialism.

Explaining what he means by going forward, Mr. Nkrumah said it’s about “finding all ways possible to pay off the Chinese and other outstanding loans and unfortunate obligations on Ghanaians.”

“We should,” he said, “not leave such a terrible heavy legacy to our next generations who would need to be free so they would not have to curse their selfish fathers.”

Continuing, he said, “I appeal to you openly because you are proud to have come from a CPP stable. Your good father (who lived in London for some years) used to declare and shout ‘forward ever, backward never’ in celebrating our hard-won freedom in March 1957 and for many years afterwards as you well know.”

“It is bad enough, he noted, “to have the Chinese and other bad loans around our tired necks which form heavy burdens on our sluggish and unhealthy economy as we all know.”

According to Dr. Onsy Nkrumah, Ghana could go to the international financial markets to negotiate as he put it, “our own terms and raise money on our own short, medium or long-term notes issued and successfully subscribed as we did recently.”

If we give our birth rights away to the IMF, he warned “we would be signing away all kinds of legitimate rights in the name of getting disciplined which will deprive us of our freedom to ever move except backwards!”

Dr. Nkrumah told President Mahama, “I tried to see you recently at your hotel room one-on-one in Washington DC to appeal to you in person, but you did not see me, so I am sadly forced to appeal to you through the media now.”

The foregone notwithstanding, he added, “You remain my dear younger brother, even if you could not see me, I advise you as a very concerned, very caring and patriotic brother. NDC may have gone astray from some CPP principles and aspirations but it remains as part and as an offshoot of the old CPP, and we would like the NDC to come back home to its CPP roots and ideals for the sake of Ghana’s brighter future.”