Dr. Patrick Asuming, of the University of Ghana Business School, has admonished the monetary fund; the International Monetary Fund (IMF) to do introspection of its dealings.
According to the senior lecturer, this is necessary since the Ghana government has refused to implement its condition by the IMF.
“When you see that there are clear cases that the government has refused to implement the measures they have agreed, and yet we keep coming back, so people legitimately question them.”
“I have said in the past that we have learned how to dribble the IMF. If you look at the measures in our IMF 17, a lot of them are in IMF 16, and I think it is also the reason why some people begin to question the IMF itself.”, Dr. Patrick Asuming observed on Joy FM
The Ghanaian economy has been a topical issue in recent months following a downturn occasioned by galloping inflation, a depreciating currency, and a general decline in the quality of life coupled with the high cost of living.
The government has serially blamed the aftermath of COVID-19 and the Russia-Ukraine war before submitting to a US$3 billion IMF loan last year, of which US$600 million as tranche one has been credited to the government account.
Source: Kapital Online Team//2023
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