NPP Gov’t Has Relied On IMF Since 2018; This Is Not The First Time – MP

NPP MP for Effiduase – Asokore Constituency and a member of the Finance Committee of Parliament, Hon. Dr. Nana Ayew Afriyie has revealed that this is not the first time the New Patriotic Party’s government has been on the IMF programme but has relied on the fund since 2018.

He stated that “Ghana’s contract with the IMF expired in 2018 but due to the economic instability at the time and as a new government, the Akufo-Addo-led government renewed the contract for a year which lasted until 2019”.

Speaking on Opemsuo radio with the morning show host Agudey, the Effiduase – Asokore MP said, “The government made a beautiful arrangement with fund so it was able to recruit and enroll programs preventing the public noticing”, he added.

He stated emphatically that “the government also ran to the IMF again in 2020 and acquired a loan to subsidize the management of the Covid-19 and that increased the nation’s debts”. This was the NPP government’s second engagement with the fund, so I must emphasize that this is not the first time the NPP government is running to the IMF”.

The Effiduase – Asokore MP stated that no country is proud to go to the International Monetary Fund (IMF) for support in repositioning its economy.

He reiterated that “no government assumes office with the intent of reversing the economy and later run to the Fund for redemption but would only happen during critical situations”.

The MP highlighted that “the NPP government stressed on not returning to the IMF because that was not its intent”.

Hon. Ayew Afriyie emphasized that the IMF helps in putting structures in place such as debt management, cedi-to-dollar stabilization, good negotiations with foreign transactions on imports and exports, etc. these are benefits given to nations under United Nations (UN) run by the Fund.

Source: Opemsuo.Com/ Effah Mensah Willliam.