Public Agenda NewsPaperPublic Agenda NewsPaper
  • General News
  • Politics
  • Business
  • Health
  • Development Agenda
  • World News
  • Features & Opinions
  • Election watch
  • Editorial
Font ResizerAa
Public Agenda NewsPaperPublic Agenda NewsPaper
Font ResizerAa
  • General News
  • Politics
  • Business
  • Health
  • Development Agenda
  • World News
  • Features & Opinions
  • Election watch
  • Editorial
Search
  • General News
  • Politics
  • Business
  • Health
  • Development Agenda
  • World News
  • Features & Opinions
  • Election watch
  • Editorial
Follow US
Breaking NewsBusinesstop stories

Running to IMF a lazy approach, gov’t must apologise to Ghanaians – CPP

Suleman
Last updated: July 6, 2022 11:50 am
Suleman
Share
2 Min Read
SHARE

The Convention People’s Party (CPP) has described going to the International Monetary Fund (IMF) for support as a lazy approach.

In a statement, the party also said the move was a short-term measure.

“Ghana has gone to the IMF for a bailout 17 times and does the Akufo-Addo and Bawumia Government believe this 18th time would create the magic wand that would salvage the Ghanaian Economy? We in the CPP believe that a run to the IMF is a lazy man’s approach to solving the problem as well as a short-term fix which cannot redeem our damaged economy.”

More Read

Eliminating Intra-African Trade Barriers no Longer Optional – AfCFTA Scribe
Judge reverses Trump administration’s cuts of billions of dollars to Harvard University
I’ll hold you to the June 2026 deadline – Mahama to Ofankor–Nsawam road contractor
Draft report on review of Constitution to be ready by October – CRC
GRNMA apologises to Health Minister over attacks

“The CPP thinks it is unfortunate that the Nana Akufo-Bawumia government need an outside body like the IMF to hold them to a fiscal discipline regime where they will be forced to be prudent and to have a plan aimed at prioritising spending,” the party said.

The CPP also called for an apology from the government for “putting us in this mess and reneging on all their promises to Ghanaians.”

“There is no doubt that the IMF and its programs are neo-colonial very imperialist in nature and, with no indication to make life better for the Ghanaian, but today this is where we find ourselves, hooked in and bound to the Apron strings of the IMF because somebody did not do their job well.”

The government announced last Friday that it would hold formal talks with the IMF.

The move came after the Akufo-Addo government’s controversial revenue generation policy, the electronic transfer levy, failed to generate the needed revenue targets.

Ghana’s economy is in distress as it currently has a total public debt stock of GH¢391.9 billion, as of the end of the first quarter of 2022.

The cedi is also the worst-performing African currency, having weakened 22 percent against the dollar this year.

Source:Publicagendagh.com

Share This Article
Facebook Whatsapp Whatsapp Email Copy Link Print

Latest News

Shadows of Empire: The CIA, Kwame Nkrumah, and the Struggle for Ghanaian Sovereignty
September 3, 2025
Empowering Rural Women through environmental justice: GAGGA grantees convene in Accra
September 3, 2025
Birim North District Unveils Medium -Term Development Plan and More…
September 2, 2025
Chief Justice Getrude Torkornoo removed
September 1, 2025
ABANTU Engages Unsuccessful Women Parliamentary Candidates to Strengthen Political Participation in Ghana
August 28, 2025
Pakistan unveils 7-point plan for Gaza peace at OIC summit
August 26, 2025
Bagre Dam Spillage claims life of farmer
August 26, 2025

You Might Also Like

Breaking NewsBusinesstop stories

Ghana and Nigeria explore electricity for gas barter agreement

August 26, 2025
Breaking NewsGeneral Newstop stories

Ghana drops to 61st in 2025 Global Peace Index

August 26, 2025
Breaking NewsDevelopment AgendaElection watch

Charles Abugre Chairs MiDA Board

August 22, 2025
Breaking NewsBusinesstop stories

Ghana cedi is world’s best-performing currency – Mahama tells investors in Japan

August 20, 2025

About Us

Public Agenda is fou­nded and owned by Pu­blic Agenda Communic­ations.

Public Agenda was founded as a public interest Me­dia entity. Its Visi­on is to contribute to building a well-i­nformed society where accurate informati­on dissemination is the cornerstone of a democratic, just and equitable society.

Its mission is to inform, guide and bui­ld responsible citiz­enship and accountab­le decision making and strive for excell­ence in the media in­dustry. Public Agenda Communications is managed by a Board of Directors.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?