Prepare for social unrest and chaos due to economic difficulties - John Jinapor and Govt.
A member of the House of Representatives Committee onFinance, Mines and Energy,John Abdulai Jinapor, has warned the government of the possibility of riots and riots due to the severe economic crisis of the citizens and -face.
Mr. Jinapor said the government has promised notto increase salaries as the price of fuel, taxes and factory prices, among others, have risen. He said the move was partly due tothe Bank of Ghana's plan to raise interest rates to combat inflation.
He explained that this will also translate into a freeze on the budget. According to Yapei MP Kusawgu, this will cause many people to enter the "slice of poverty" which will lead to chaos. "Even the salary - they have promised not to increase the salary accordingly. So you'regoing to see your taxes go up, you're going to see your wages not going up very well, you'regoing to see gas, diesel and pump going up, you're going to see rates the electricity goes up. .
"You will see more people in poverty. So when you read this book carefully, it tells you that the government must prepare for public unrest and public unrest,” he said on JoyNews'Newsfile on Saturday.
Citing a report from the Monetary Policy Committee ofthe Bank of Ghana, Mr Jinapor said investment has increasedfrom "80 billion to 64 billion". According to him, this is supported by the government's strong budget support system. Mr. Jinapor did not believe that the first part of the country's $3 billion bailout request handed over to the Bank of Ghana could reduce the financial burden on Ghanaians. He explained that it is not about speeding up or slowing downthe conclusion of the agreement with the IMF, but the impact of the program on citizens. According to him, the IMF program has a knock-on effect, and the $600 million transferred to the Bank of Ghana is only to see how the country will restructure its debt because it will not reach thesame level. only program requirements.
blogpay
Total Comments: 0