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Returning to IMF disastrous – Ofori-Atta

Ken Ofori-Atta, the Minister for Finance, says returning to the International Money Fund would not augur well for Ghana.

Ken Ofori-Atta, the Minister for Finance, says returning to the International Money Fund would not augur well for Ghana.

READ ALSO: VIDEO: Government Town hall meeting on E-levy

Speaking at the government’s town-hall meeting to discuss the E-Levy on Thursday, January 27, 2022, the minister said the passage of the E-Levy will save the country from falling back on the IMF for financial assistance, which, he said, would be disastrous.

“When we were in the IMF program, we couldn’t pay for nurses and teachers,” he said; “we couldn’t hire any more because there were restrictions on that. I mean, it’s just really thinking you can go back to Egypt.

“In a way, we have forgotten how difficult and tenacious that master from Washington was.

“So, we can deal with them for them to give us advice but we need not ever get into an IMF program [again]. If we don’t do this E-Levy, we’re just pushing ourselves in a way that would potentially end up in such a disaster,” he said.

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