Today the minister of information, Kojo Oppong Nkrumah, sat with Kwami Sefa Kayi on Peace FM to talk about the NPP government’s going to the IMF for a bailout after critising the old government for doing the same.
According to the minister, the proposal is yet to be approved by parliament but he hopes they all put their political differences aside and approve it because the hardship in the country is intense and only the IMF can bail us out. They can help us with even more than a billion dollars, he said.
In his own words, he said
“Right now, Ghana needs close to about 3 to 3.5 billion dollars. Out of this money, we have already got about 1 billion dollars and laid before Parliament. We are looking forward to all the MPs coming together to approve it, now that we are gradually coming out from our hardships . . . currently, the hardship is intense but we have received 1 billion to put in our coffers and use it to meet some of our obligations. We’re hoping that Parliament will approve that money without making it NPP/NDC politics.
“[2] The IMF window could give us 1 to 2 billion, depending on what you get, and add it to 1 billion that’s already with us. [3] We have our own domestic measures that we are using to raise some monies. The E-Levy is a part of it, the Property Rate and Tax Exemption Bill before Parliament meant to reduce our exemptions are also a part of it. If we do all these three things, we can get the 3 to 3.5 billion to shore up the Ghanaian economy,”
Source: Gossips24.com
