Director of the Finance Committee of Parliament, Kweku Kwarteng has rubbished ideas from a segment of the public that Ghana's choice to go to the IMF for a bailout would prompt the rejecting of the disliked E-demand charge.
Regardless of past opposite proclamations by the Minister for Finance, Ken Ofori-Atta, Mr. Kwarteng said the E-demand was never proposed as an option in contrast to the IMF.
Talking on Eyewitness News on Friday, he said the IMF will probably require the presentation of new duties as it pushes for a decrease in government consumption.
"I've heard individuals offer remarks like the agony of E-duty can be gotten away assuming you go for an IMF program. The IMF will come and begin conversations. At the point when they come to your country, they don't come and advise you to loosen up charges. As a matter of fact, they will presumably come and say E-demand isn't sufficient. At the point when IMF comes to your economy, the records show, they will say don't utilize individuals, cut your uses and increment your income so you might need to go to on more income lengths," he said.
The Ministry of Information on Friday, July 1, 2022, reported that President Akufo-Addo had given endorsement for Ghana to start commitment with the IMF for a bailout. The service said the Minister for Finance, Ken Ofori-Atta will be driving the talks with the IMF before long.
The news has been gotten with blended sentiments, as it comes as a significant U-turn by the public authority after it promised not to at any point go under an IMF program.
Ken Ofori-Atta said the public authority was making due with a local strategy rather than an IMF program.
The local program incorporated the presentation of the E-demand which has been accounted for to have missed the mark concerning its projected income target up until this point.
With the declaration that Ghana will before long start talks for a program with the IMF, there are ideas that the public authority might pull out the E-demand, however Kwarteng proposes in any case.
"The possibility of either E-duty or IMF might be projected by individuals who fail to really see how the economy functions and how the IMF works. At the point when they come, we will see the restriction they put on the table and see whether it is E-duty or IMF, " he expressed.
blogpay
Total Comments: 0