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Social media users unhappy about Akufo-Addo’s IMF decision

Source The Ghana Report

The Akufo-Addo-led government has approached the International Monetary Fund (IMF) for economic policy assistance, but not all Ghanaians are in support.

The Minister of Information Kojo Oppong Nkrumah announced the decision to seek IMF assistance on Friday, 1 July 2022.

The development has set social media ablaze, with comments being poured out by many Ghanaians who have shown concern.

Several users were taken aback by the decision, especially given the president’s confidence in the country’s self-sufficiency and finance minister Ken Ofori Atta’s repeated statements that Ghana would not return to the IMF.

The country is faced with high debt, low revenue, rising inflation, steep depreciation of the cedi against other major currencies, and a general rise in the cost of living attributed to external factors such as the Russia-Ukraine war and the COVID-19 pandemic.

The introduction of the Electronic Transfer Levy (E-Levy) was one of the homegrown policies adopted by the government to save dwindling revenues but a leading member of the governing party Gabby Asare Otchere-Darko revealed a few days ago that it had not met the target.

After the announcement that the government was considering a programme from the Bretton Wood institution after 16 bailouts from past governments, netizens took to social media to express their disappointments.

Below are some posts:

 

 

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