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GOV?T GOING TO IMF FOR THE SAKE OF INVESTOR CONFIDENCE, NOW NO LONGER AS IT LACKS AREA ? GABBY

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2 years ago



Private Legal Practitioner and Managing Partner on the Africa Legal Associates, Gabby Otchere-Darko has refuted claims that the authorities is returning to the International Monetary Fund (IMF) for a bailout as it lacks monetary area. On Friday, July 1, 2022, the Ministry of Information thru a press launch introduced that the President of the Republic, H.E Nana Addo Dankwa Akufo-Addo has directed Finance Minister Ken Ofori-Atta to have interaction the IMF for assist. From the conversations which have followed, economic professionals have argued that the IMF alternative has grow to be essential due to the fact the ruling authorities has struggled to live disciplined with regards to economic troubles inclusive of borrowing and spending. Speaking at the New File programme on Joy News on Saturday, July 2, 2022, Gabby Otchere Darko stated that the argument is a long way from right. According to him, the authorities has determined to go back to the IMF as it desires buyers to trust withinside the country. “Government isn't going to the IMF as it lacks area however for confidence. “We did now no longer need to visit the IMF however as soon as we're there we ought to take complete gain of it,” the main member of the ruling New Patriotic Party (NPP) stated. Gabby Otchere Darko added, “What we want to have is a country wide communique on the way to pass forward, and what we will do is to pay extra taxes.” “My fears are that there are sure matters we've the sensitivity to protect. One of them is public region employment.” Amid requires Finance Minister Ken Ofori-Atta to be sidelined in the course of conversations with the IMF, Gabby Otchere Darko says he ought to as an alternative be supported. “The Finance Minister has proven that he has the creativity and he desires the assist of his celebration and Ghanaians,” Mr. Otchere Darko noted.

 

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