The public authority of Ghana's U-go choice to meet the International Monetary Fund (IMF) for rescue is as yet a significant point for conversation this week.
One gathering feel going to the IMF is the best choice while others feel the move won't help Ghana.
A global financial specialist from the John Hopkins University, USA, Professor Steve Hanke has said the ongoing IMF program Ghana need to sign will fizzle, According to Professor Steve Hanke, another IMF advance won't save Ghana's economy,
He said very much like the beyond 17 IMF programs, another one will fizzle.
He likewise uncovered that in light of swapping scale information from free and bootleg market, yearly expansion rate for Ghana will be around 49.35%. In the current week's expansion table, #Ghana takes the ninth spot. On June 30, I estimated Ghana's #inflation at a staggering 49%/yr-practically 2x the authority expansion pace of 28%/yr. The Trade Union Congress (TUC) has kicked against the public authority's choice to draw in with the International Monetary Fund (IMF) saying it is a 'grievous error' and 'miserable' choice, that the public authority was looking for help from the asset.
The Secretary General of the TUC, Dr. Yaw Baah in an explanation gave on Sunday said it accepted that the circumstances that accompany an IMF program won't help Ghana.
As indicated by Dr Baah, Ghana has gone for an IMF program for multiple times, yet they all accompanied no improved answers for the financial issues for Ghana. Subsequently the public authority's choice to at last request help from the IMF was a miserable and heartbreaking error.
The TUC contended that Ghana's set of experiences of commitment with the IMF gave adequate proof that IMF supported projects and strategies couldn't change the country's financial conditions yet just caused more difficulties.
It said in the fourth Republic alone, the nation had carried out five IMF programs. "These IMF programs have just forced pointless difficulties on Ghanaians with hardly anything to show for them. The arrangements proffered by the Fund are not fitting for our economy. They scratch the edges of the issue without handling the essential issues confronting the economy.
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