I am not against going to the IMF – Gabby explains
Influential political strategist of the governing New Patriotic Party (NPP) Gabby Otchere-Darko has hinted that the Government may be seeking an intervention from the International Monetary Fund (IMF) in order to put the economy back on track following the failure of the electronic transfer levy( E-Levy) to generate enough revenue for the economy.
In a series of tweets, Mr Otchere-Darko noted that he was not against an IMF programme that will help inspire confidence in the economy.
He lamented that the E-Levy has delivered only ten percent – GHC 60million – of revenues it had been targeted to raise.
The Government of President Akufo-Addo had indicated that it was not going to seek help from IMF for the economy, but Mr Otchere-Darko’s tweets seem to suggest that that option is now open to the Government.
See tweets below:
I am not for an IMF program that throws peanuts at us but imposes conditions that will end up hurting the poor, jobs and businesses more. Covid-19 and War in Ukraine are not of Africa’s doing but more to our doom. A program that pretends it is all our doing is doomed to fail.
— Gabby Otchere-Darko (@GabbyDarko) June 27, 2022
Am I against an IMF program in principle? No.
— Gabby Otchere-Darko (@GabbyDarko) June 27, 2022
We do something that will inject confidence in our capacity to ride this heavy storm and that something should happen pretty quickly. Are you against an IMF program?
— Gabby Otchere-Darko (@GabbyDarko) June 27, 2022
Source: MyNewsGh.com/ 2022
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