The Minority in Parliament has downplayed government’s agreement with the International Monetary Fund ( IMF), for $3 billion support.
The Minority claims the excitement by the government on the deal is premature, adding that the Finance Minister must rather focus on securing management and Board approval of the Fund.
Minority Leader, Haruna Iddrisu says, what is important is not a staff-level agreement but a management and board approval of the country’s application for the IMF Board which will probably take us to April or even beyond.
What is important is not a staff-level agreement but a management and board approval of Ghana’s application by the IMF board which may take us to April or even beyond, and therefore staff-level agreement, I see them dancing and celebrating to it,” he noted.
Therefore celebrating staff-level agreements is premature.
He says, Mr. Ofori Atta has rather worsened the livelihood of Ghanaians and needs no praise for reaching a staff-level agreement with the IMF.
“Our debt is still not sustainable. The debt exchange initiative of the Minister probably fails as many are refusing to sign onto it. The content of the external bonds are still unknown. They are running out of time to announce the haircut associated with the external bonds. so for the minister of finance to be dancing and say that praise me because I have brought an improvement in the exchange rate of the cedi which was falling with epileptics,” He added.
