Former President John Mahama has called on the ruling government to utilize the second tranche of the IMF cash judiciously.
According to him, the Akufo-Addo administration should use the $600 million IMF cash to alleviate the economic challenges facing Ghanaians.
Mr. Mahama noted that under normal circumstances, the release of $600 million by the International Monetary Fund (IMF) to the government of Ghana should provide relief to the suffering Ghanaian however, Ghanaians will continue to suffer as long as the Akufo-Addo and Bawumia remain in office.
His comments follows the approval of disbursement by the IMF Executive Board on January 19, 2024.
In a Facebook post, John Mahama stated that “I again urge the outgoing NPP to be cautious, responsible and judicious in utilizing the IMF $600 million and other funds that may be made available to Ghana from the World Bank and other development partners.”
“I have already encouraged the NDC minority in parliament to ensure strict oversight on both the government and not to take their eyes off the Bank of Ghana that illegally printed billions of cedis and aggravated our economic situation.”
The leader of the NDC, touching on the contentious tax on electricity consumption bemoaned that it would worsen the plight of Ghanaians thus, throwing his weight behind the Trades Union Congress (TUC).
“Implementing VAT on electricity consumption will increase tariffs by almost 21% and exacerbate the hardship on Ghanaians. This will affect the prices of goods, services, and transport fares. I agree with organised labour that the government must reverse its decision to start collecting VAT on electricity consumption,” Mahama lamented.