Minister for Finance Ken Ofori-Atta has said going back to the International Monetary Fund (IMF) for financial support will not augur well for the country.
According to the Finance Minister, the country must not return to the IMF for financial support of any sort, except for seeking advice.
Speaking at a town hall meeting on Thursday, 27 January 2022, the Finance Minister intimated that policies such as the introduction of the e-Levy will aid in ensuring the country does not return to the IMF programme.
Mr Ofori-Atta said: “When we were in the IMF programme, we couldn’t pay for nurses and teachers. “We couldn’t hire anymore 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 programme [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.”
Some have argued that the country returning to the IMF for financial support will be the best.
