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SABISCO NEWS

2 years ago

IT?S RIDICULOUS FOR NPP TO ARE LOOKING FOR FOR EQUALIZATION WITH IMF BAILOUT ? SAMMY GYAMFI

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Politics

2 years ago



 

The National Communications Officer of the opposition National Democratic Congress (NDC), Sammy Gyamfi has lashed out on the New Patriotic Party (NPP) over attempts to equalize and justify its choice to transport for an IMF bailout.

He described as “pathetic and ridiculous” NPP communicators’ use of NDC’s IMF choice in 2015 to justify the cutting-edge Akufo-Addo choice to get the fund’s useful resource to salvage Ghana’s in negative fitness financial device.

In a Facebook post, the NDC country wide authorities said the conditions underneath which the John Mahama government went to the IMF had been direr than the prevailing factors which is probably driving the Akufo-Addo government to are looking for for help.

“If the erstwhile NDC/Mahama control had income inflows of over US$5 billion to manage “Dumsor”, (a catastrophe that end up in big component inherited) and the outdoor shocks we suffered in 2015 like this NPP government had to manage COVID-19; If the erstwhile NDC/Mahama government had three (3) oil fields with an average daily production cappotential of 170,000 barrels and an average global market charge of $80 in step with barrel much like the Akufo-Addo/Bawumia government has had withinside the remaining 5 (5) years; I dare say, that there may want to now not have been any need for Ghana to have joined an IMF software program withinside the twelve months 2015,” he said.

He said the Akufo-Addo government is better resourced, taking component in more income from the country’s oil exploration sports activities and borrowed enough from the global market than the NDC government underneath Mahama as a end result must be held to higher expectations.

According to him, the NPP wasted all the income reassets on “consumption, profligacy and corruption” as a end result must now not try and rationalize its choice to go to the IMF with the NDC’s byskip seven years ago.

“They are left with out a unique choice than to are looking for for an IMF bailout now because of the reality they've got wasted all the wonderful income that have gathered to them on consumption, profligacy and corruption. Today, posterity has exposed their hypocrisy, deceitfulness, recklessness and emptiness,” he saiad.

The Ministry of Information on Friday, July 1, 2022, delivered that President Akufo-Addo had given popularity of Ghana to begin engagements with the IMF for a bailout. The ministry said the Minister for Finance, Ken Ofori-Atta can be important the negotiations with the IMF withinside the approaching days.

The data has been acquired with mixed feelings. Sammy Gyamfi said, “the least they may do underneath the times is to bury their arrogance, swallow their pride, accept obligation for the mess they've got created, accept that they've been useless withinside the manner they've got mismanaged the financial device and apologize for the excruciating hardships they preserve to impose on the Ghanaian human beings.”

Read the complete statement underneath: SAMMY GYAMFI WRITES ON HIS FACEBOOK WALL: The attempt through manner of way of NPP communicators to equalize and rationalize the choice of the Akufo-Addo/Bawumia government to transport for an IMF bailout is pathetic and ridiculous, to say the least. This is specially so given the type of negative statement that President Akufo-Addo, his Vice, Alhaji Bawumia and unique important figures of the NPP have made about IMF programs in time past.

If the erstwhile NDC/Mahama control had income inflows of over US$5 billion to manage “Dumsor”, (a crises that end up in big component inherited) and the outdoor shocks we suffered in 2015 like this NPP government had to manage COVID-19; If the erstwhile NDC/Mahama government had three (3) oil fields with an average daily production cappotential of 170,000 barrels and an average global market charge of $80 in step with barrel much like the Akufo-Addo/Bawumia government has had withinside the remaining 5 (5) years; I dare say, that there may want to now not have been any need for Ghana to have joined an IMF software program withinside the twelve months 2015.

It is indisputable that the cutting-edge Akufo-Addo/Bawumia-NPP government is the most resourced government in Ghana's history. They have had get right of entry to to more oil income, tax income and borrowed fee variety than any government in history. In all, they've got had get right of entry to to over GHS500 billion in typical income, as compared to the about GHS200 billion that gathered to the NDC/Mahama government.

They are left with out a unique choice than to are looking for for an IMF bailout now because of the reality they've got wasted all the wonderful income that have gathered to them on consumption, profligacy and corruption. Today, posterity has exposed their hypocrisy, deceitfulness, recklessness and emptiness. The least they may do underneath the times is to bury their arrogance, swallow their pride, accept obligation for the mess they've got created, accept that they've been useless withinside the manner they've got mismanaged the financial device and apologize for the excruciating hardships they preserve to impose on the Ghanaian human beings.

To preserve in this vainglorious try and defend their new low will only boom the bottomless pit they've got plunged themselves into. Leadership that accepts obligation and shows sensitivity to the plight of the human beings is what Ghanaians yearn for in a time like this and now not the puffed-up arrogance and intransigence this government continues to display.

Sammy Gyamfi Esq. National Communications Officer, NDC

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