The government is not considering requesting a bailout from the International Monetary Fund (IMF) as a solution to the current economic problems.
According to reports, going to the IMF for an extended credit facility (ECF) is not on the agenda of the crunch cabinet meeting at Peduase Lodge.
According to sources in the media, the administration was stuck between an IMF bailout and the Electronic Transaction Levy Bill, which has faced significant opposition since its announcement in November 2021.
A tweet by Gabby Asare Otchere-Darko, a key member of the New Patriotic Party, stoked the fire (NPP).
However, it appears that the government’s alternatives are skewed toward domestic solutions.
The reopening of the country’s land borders after two years will be a major topic of discussion during the quarter’s Cabinet meeting.
Solutions to the rising cost of fuel will also be considered.
The Minority has already declared the economy doomed, citing Vice President Dr Mahamudu Bawumia’s Economic Management Team’s (EMT) failure as “legendary.”
On Friday, March 18, John Jinapor, the Ranking Member of Parliament’s Mines and Energy Committee, remarked, “This government has been a tremendous disaster.”
“We urge President Akufo-Addo to dismiss the Economic Management Team since they have failed to deliver on their promises. Indeed, if I were the Vice President, the first thing I would do is resign as the head of the Economic Management Team.
“This was a dreadful performance. Indeed, this government’s failure is famous.”