Former President John Dramani Mahama says although the release of the second tranche of the International Monetary Fund (IMF) was supposed to provide relief for Ghanaians, that will not be the case.
He said the already burdened and suffering Ghanaians are going to experience hardship and suffer as long as the Akufo-Addo-Bawumia and NPP remain in office.
According to him, the implementation if the 15% VAT on electricity consumption will increase tariffs by almost 21% and exacerbate the hardship on Ghanaians.
This he lamented will affect the prices of goods, services, and transport fares.
He has therefore advised the government to be cautious, responsible and judicious in utilising the IMF $600 million and other funds that may be made available to Ghana from the World Bank and other development partners.
To the Minority, he has asked them 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.
Read the full statement he posted on Facebook below
Under normal circumstances, the release of $600 million by the International Monetary Fund (IMF) to the government of Ghana should provide relief to the already overburdened and suffering Ghanaian.
It is, however, evident that Ghanaians will continue to suffer as long as the Akufo-Addo-Bawumia and NPP remain in office.
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.
The National Democratic Congress (NDC) is eager and ready to address Ghana’s economic challenges and provide substantial relief to Ghanaians upon assumption of office in January 2025.
Before that, I again urge the outgoing NPP government to be cautious, responsible and judicious in utilising 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.
On my part, I will, from time to time, continue to engage the Ghanaian public about my vision to build the Ghana we want and how we will work together to create well-paying jobs through my 24-hour economy policy and other pragmatic initiatives.
Over the next three days, I will be in the Ashanti Region to interact and listen on the eighth leg of my #BuildingGhanaTour.
Source: rainbowradioonline.com
