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IMF BAILOUT: Kojo Oppong Nkrumah Reacts To IMF Brouhaha For The First Time- Read What He Said

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In the face of ongoing IMF troubles in the nation, the information minister under Addo’ s leadership, the Honorable Kojo Oppong Nkrumah, has spoken for the first time. The Honorable Kojo Oppong Nkrumah clarified the administration’ s intention to seek a bailout from the IMF. Honorable Kojo Oppong Nkrumah claims that the IMF will only deal with a portion of Ghana’ s challenges, not all of them.

Ghanaians responded to Kojo Oppong Nkrumah’ s remarks on Facebook. ” We can’ t wait; we need to mobilize more domestic resources to help the economy. We cannot advise people who are awaiting government assistance to hold off until conditions improve.

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We need to discover a way around everything. The government’ s main source of income is the E- levy. However, there are many instances where people lack impartiality and believe that the electronic levy will resolve all issues.

E- levy is one of the government’ s internal revenue- raising tools, although it is not the government’ s complete plan for this issue. Going to the IMF won’ t solve all of your problems. It will only assist the government in addressing balance of payment problems. According to Kojo Oppong Nkrumah. It is now obvious that Ghana is deeply in debt and that the standard of living for its people is declining.

The administration has attributed the difficulties Ghanaians are going through to the effects of COVID-19 and the conflict between Russia and Ukraine. They have opposed suggestions that the nation’s dire economic situation is due to poor economic management.

So, according to a letter from Kojo Oppong Nkrumah, the administration has made the decision to ask the IMF for assistance. Former President John Dramani Mahama was one of many economists who had already made this prediction, but the government opted to stand by and maintain that everything was ok.

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Frank Oteng known professionally as Ghlagatin is a Ghanaian celebrity blogger, freelance journalist, and reporter.He is the founder of Ghlagatin.net, an entertainment website. He graduated from Accra Technical University, ATU with a National High Diploma in Interior Design.

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