Minister of Information and Member of Parliament for the Ofoase-Ayiribi constituency in the Eastern Region, Kojo Oppong-Nkrumah has set the records straight on government's next decision amidst the growing economic challenges.
In a media interview with Phillip Osei Bonsu on Asempa FM's afternoon current affairs show Ekosiisen, the government spokesperson hinted that a review of the policies and programs aimed at mitigating the economic challenges brought about as a result of the pandemic and the war in Russia and Ukraine is being carried out by state actors.
He added thar the managers of the economy will consider going to the International Monetary Fund if the homegrown policies introduced during in the 2022 budget fails and that is not currently on the table.
According to him, the government hast commenced evaluation to help solve the economic challenges.
"Other measures to be introduced after the evaluation. As I speak now, an International Monetary Fund program is not on the table. Finance Minister has reiterated that already.
He added that "the Finance Minister said he is clear in his mind that there are domestic measures that can be employed to achieve two things that an International Monetary Fund program will give you. He said you need to work on inflows; you need to work on expenditure and renegotiate the debt situation and you need discipline.
Mr. Oppong Nkrumah opines that, if all the measures can be achieved locally, "then you don't need the headmaster standing on the door".
This conversation was sparked after a leading member of the New Patriotic Party (NPP) and cousin of President Akufo-Addo hinted on his twitter handle of a possible international monetary fund bailout.
In a plethora of tweets on Monday morning, Gabby Asare Otchere-Darko revealed that the most talked about electronic transaction levy(e-levy) that was expected to shore up government's revenue has delivered only 10% of the monthly targeted revenue.
Kojo Oppong-Nkrumah however said the government is focused on providing solutions to mitigate the rising cost of living and hardships.
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