Ahead of the determination of the conditionalities for Ghana’s return to the International Monetary Fund (IMF) for an economic bailout in less than two years after exiting the programme with pomp and pageantry, the Minority Leader, Haruna Iddrissu, has predicted tough times for Government labour relations.
An International Monetary Fund (IMF) staff team, led by Carlo Sdralevich, mission chief for Ghana, has already been scheduled to visit Accra from July 6 – 13 to begin initial discussions with the Ghanaian authorities about a possible IMF-supported program.
Even as he wished the Government well in its negotiations, the Minority Leader added, “I foresee a conflict-ridden Government labour relations in the foreseeable future with this IMF agreement.”
He expressed concerns about the possible hardship the conditionalities are likely to bring to bear on the ordinary people as he bemoaned the mismanagement of the economy by the President Akufo Addo led administration.http://parliamentnews360.com/index.php/dont-blame-us-for-your-economic-mess-and-imf-bailout-minority-fires-president-and-vice/
“President Nana Addo Dankwa and Dr. Mahamud Bawumia, should take full responsibility for incompetently managing the economy to suffocating debt levels which has necessitated the retreat for us to request an agreement with the International Monetary Fund for the restructuring of our debts.
“They should also take full responsibility for their reckless and irresponsible borrowing and the unjustified profligate expenditure which has led us to the journey of retreat,” he said.
According to the Leader of the largest opposition party in Parliament, the conditionalities which are likely to emanate from the programme this time, would be dire because of the high levels of the country’s debt which must also be restructured.
The Minority Leader made the comment at a briefing with the Parliamentary Press on Wednesday, July 6, 2022 at the Lobby of Parliamentary Chamber. Watch video here.
Source: Clement Akoloh||parliamentnews360.com
