JUST IN: Prez Akufo-Addo Makes U-Turn, Takes Ghana Back To IMF

Information reaching us is that President Nana Akufo-Addo has instructed the Finance Ministry led by Ken Ofori-Atta to commence an official engagement with the International Monetary Fund (IMF).

In a press statement signed by the Minister of Information, Kojo Oppong Nkrumah sighted by ZNewsgh.com, said a telephone chat between the IMF Managing Director, Kristalina Georgieva and Ghana’s President, conveyed the government’s decision to engage the Fund.

READ ALSO: Ghanaians Don’t Like Paying Taxes – Gabby Otchere-Darko ‘Weeps’ Over E-levy Struggles

“The President of the Republic, Nana Addo-Dankwa Akufo-Addo, has authorized Finance Minister, Ken Ofori-Atta, to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic programme put together by the Government of Ghana”.

“This follows a telephone conversation between the President and the IMF Managing Director, Krisalina Georgivia, conveying Ghana’s decision to engage the Fund,” part of the statement read.

This information was announced by the Ministry of Information as contained in the press release dated Friday, July 1, 2022.

The decision was made after the cabinet backed the government’s decision to pursue an economic programme from the Fund at a meeting.

More to follow soon….., but in the meantime, read the full press statement below;

READ ALSO: GRA To Start Taxing E-levy On Merchant Sims From 1st July

I strongly believe the government’s decision to go back to the IMF is because it has failed to generate enough revenue from the e-levy which took effect on May 1.

Recently, a top-ranking member of the incumbent NPP government, Gabby Otchere-Darko bemoaned that Ghanaians don’t like paying taxes.

The former Executive Director of the Danquah Institute revealed that the tax measure has only managed to deliver on 10% of the estimated revenue target.

According to him, e-levy is a good policy but Ghanaians are the main problem, hinting that Ghana may go back to IMF.