Ideas for an IMF program could be 'self-destructive' - Prof. Master Mensah
Financial expert, Professor Lord Mensah, has thought that ideas for a re-visitation of the International Monetary Fund for a monetary bailout might be unrealistic.
He accepts that in spite of a drop in the projected income following the execution of the Electronic Transfer Levy, it very well might be too soon for Ghana to get back to the IMF.
Talking in a meeting with Accra-based Asaase Radio, the academic partner at the University of Ghana Business School said, "I see it as self-destructive to go to the IMF so rapidly subsequent to carrying out the E-Levy. Strategy vulnerability in this time of our monetary scene is self-destructive."
He added that the scene of the Ghanaian economy is certainly not a disengaged one however absolutely universally coordinated.
"I feel that we are missing the point in the event that we say that the E-Levy isn't acquiring as much as was at first anticipated and consequently we ought to fall back on the IMF. Recollect the Ghanaian economy is definitely not a separated economy… it is simply worldwide incorporated thus in the event that the globe is struggling, clearly it has a propensity of developing into our economy. In this way, let us keep a watch out how things go, as we continue on early," he made sense of.
In the interim, driving individual from the New Patriotic Party, Gabby Asare Otchere-Darko has uncovered government has so far gathered GH¢60 million from the E-Levy, far beneath the projected GH¢60 million from the duty measure.
Albeit the public authority is relied on carrying out local answers for address the financial challenges in the country, there are restored worries that the ongoing measures took on are not yielding the necessary outcomes.
The public authority, on its part, has on various events demanded that it won't get back to the International Monetary Fund for a financial bailout.
Yet, that position could before long change as Cabinet is supposed to be officially informed in the not so distant future over the chance of Ghana going to the IMF for a program.
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