President of IMANI – Africa, Franklin Cudjoe has suggested to the government to look internally and find ways to meet the IMF condition without burdening individual bondholders.
He said even though the government is saying Ghanaians should share the burden, its own 2023 budget is the opposite of what it is preaching.
”I would rather like to look at the internal environment.
Look as we speak, the budget that has been presented to the state, which seems to have been approved, makes room for some exceptionally physical experiments. We are talking almost 27 billion Ghana cedis, which is supposed to go into some capital investment, and of course, about 22 or so billion for miscellaneous. Yes, people may argue that part of that miscellaneous figure is to cater for interest payments and what have you, but you see, when you are in a hole, you don’t dig further,” He said.
