The Ministry of Finance has said Ghana's International Monetary Fund (IMF) move won't be guaranteed to prompt the suspension of taxpayer supported initiatives or consumptions.
IMF Bailout: Government won’t abort E-levy
In an explanation, the Ministry on July 4 expressed that administration was liable for planning its own strategies to make the IMF program effective.
IMF Bailout: Government won’t abort E-levy
As per the Ministry, it's the right of government to choose and execute strategies the nation can maintain to make the IMF program a triumph.
IMF Bailout: Government won’t abort E-levy
The Ministry in this manner, noticed that all taxpayer supported initiatives in accordance with its EDP will in any case be worried about out aside from it over concerns public funds.
IMF Bailout: Government won’t abort E-levy
"The part country has essential obligation regarding choosing, planning and carrying out strategies to make the IMF upheld program fruitful. This suggests that, taxpayer supported initiatives in accordance with its EDP will in any case happen however arranged to the extent that it very well might be effective and doesn't over-trouble public funds," the assertion said.
IMF Bailout: Government won’t abort E-levy
On why Ghana is making a beeline for the IMF now and not prior, the Ministry demonstrated that Ghana didn't set out toward the IMF right on time as was being advocated by partners since essential circumstances that require IMF support didn't exist in the country.
IMF Bailout: Government won’t abort E-levy
That's what it noticed, the essential circumstances that require an IMF-upheld program didn't exist prior. For a country to look for an IMF support, it would have to have an equilibrium of installments challenge.
IMF Bailout: Government won’t abort E-levy
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