IMF IS NOT THE SOLUTION OF GHANA: PART 1

July 3, 2022
3 years ago

I'm not a financial expert but rather I accept that a few local measures can relieve the monetary issues Ghana is looking to endure the approaching critical monetary emergency the world is going to encounter.

 

Before the bureau retreat, the public authority had two choices on the table to look over.

 

1. Go to the IMF (International Monetary Fund)

 

2. Go to GMF (Ghana Monetary Fund)

 

Picking choice 1 planned to tell the world that, we aren't adequately dependable to deal with our economy. So sympathetically come in and put us inline (be our security). Such policing from the IMF for us to great search in seeing the world planned to accompany a few ominous circumstances.

 

I) freeze on business

 

ii) a few state mediation projects will reach a conclusion.

 

iii) the public authority's lead projects will presumably reach a conclusion.

 

iv)borrowing by the state will be limited.

 

v) government's uses will be diminished radically and others.

 

For what reason do we really want IMF to police us while we can do these things and favoring our own to safeguard our country?

 

Must we rush to IMF all the time at whatever point there are monetary issues that might have been managed inside?

 

Going for choice two will be awesome. Since it will tell the world that what our most memorable president, Dr. Nkrumah, said about blacks' ableness in dealing with their undertakings was and is correct.

 

We shouldn't let ourselves somewhere near racing to the IMF whenever we are confronted with difficulties that aren't past us as a country.

 

We can do anything IMF will urge us to do in addition to other people and on the off chance that these actions are carried out with devotion, we will see the ideal outcomes and that's only the tip of the iceberg.