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IMF bailout will bite Ghanaians hard – Minority

The Minority in Parliament has said Ghanaians should brace themselves for more hardships under the IMF bailout.

The processes leading to the IMF’s Executive Board approval of Ghana’s request for a bailout as ended and about $600 million is expected to be released tomorrow.

The IMF has identified the scrapping of tax exemptions, adjustment of levies on fuel, and an increase in income tax as some measures the Ghanaian government could implement to boost revenue mobilization under its $3 billion support programme.

This is contained in the Fund’s May 2023 country report on Ghana’s request for the $3 billion support programme.

The Minority believes if the government had heeded their call and went for a support programme earlier, this hardship could have been averted.

In a statement, Minority Leader in Parliament, Dr Cassiel Ato Forson, said “Let us brace ourselves for the full consequences of this IMF deal, which will without doubt bite hard on Ghanaians, especially the youth.”

“This is not a counsel of despair, but a reality that will soon dawn on all of us,” he stated.

Below is the statement;


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