The Executive Director of the Media Foundation for West Africa (MFWA), Sulemana Braimah, says per the current state of the economy, it is inevitable that government will seek assistance from the International Monetary Fund (IMF).

Government has told citizens it would not seek financial assistance from the IMF but implement the Electronic Transaction Levy (E-levy) to enable it to generate enough revenue for its expenditure.

But Mr Braimah is of the assertion that regardless of the approval or rejection of the E-levy, the Ghana government will request assistance from the IMF.

He argued that this is because the “economy is collapsed”, a devastating situation he believes must not be blamed on the Covid-19 pandemic, but rather, corruption and mismanagement of the country’s resources.

In a tweet on March 1, he wrote: “With or without E-Levy, Ghana will be going to IMF. The economy is collapsed. Don’t blame COVID. COVID did not happen only in Ghana. All countries, including our neighbours, were affected by COVID. It’s all because of corruption, mismanagement and PR governance.”

In Mr Sulemana Braimah’s previous submissions, he questioned why the government is hesitant about going to the International Monetary Fund to seek economic assistance.

He asserted that government’s hesitation stems from the major restrictions the IMF will impose on its “wasteful expenditures” on family and friends and luxurious jets.

Speaking on the matter, Finance Minister, Ken Ofori-Atta, has insisted that the repercussion of seeking an IMF bailout will not be favourable for the country’s fortunes.

Interacting with citizens in Tamale during a Townhall meeting, he assured that government will resort to “homegrown” alternatives such as the E-levy to boost the economy.

“Consequences are dire, we are a proud nation, we have the resources, we have the capacity. We are not people of short-sight, but we have to move on,”

I can say; we are not going to the IMF. Whatever we do, we are not… So let’s think of who we are as strong proud people, the shining star of Africa, and we have the capacity to do whatever we want to do if we speak one language and ensure that we share the burden in the issues ahead,” he said.

source:myjoyonline.com

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