Saturday, 13 July

IMF bailout: Ghana wouldn’t’ve been here if e-levy wasn’t passed with partisan acrimony – NPP

Politics
Richard Ahiagbah, NPP's Director of Communications

The Director of Communications for the New Patriotic Party (NPP), Mr Richard Ahiagbah, has explained that the government would not have gone to the International Monetary Fund (IMF) for support but for the invasion of Ukraine by Russia. 

He also said, if the e-levy had been passed “without the partisan acrimony that attended it,” the Fund would not have come in to support Ghana.

In a tweet dated May 19, 2023, Mr Ahiagbah said: “The NDC’s view that Ghana should have requested IMF support in 2021, was a piece of poor advice because the economy was showing positive signs of recovery from the Covid-19 slump in 2020, posting a 5.4% GDP at the end of that year.

“Had Russia not invaded Ukraine in 2022, and had the E-levy been passed without the partisan acrimony that attended it, Ghana would not have needed IMF support as we have it today.”

The Board of the Fund unanimously approved Ghana’s bailout on Wednesday, May 17 at a meeting in Washington after Ghana secured the Paris Club financing assurance on Friday, May 12.

The NDC's view that Ghana should have requested IMF support in 2021, was a piece of poor advice because the economy was showing positive signs of recovery from the Covid-19 slump in 2020, posting a 5.4% GDP at the end of that year. Had Russia not invaded Ukraine in 2022, and had…

— Richard Ahiagbah (@RAahiagbah) May 19, 2023

Source: Classfmonline.com/cecil Mensah