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The former President of Ghana, John Dramani Mahama, has asked the government of Ghana to be responsible with the $600 million issued by the International Monetary Fund.
He cautioned the government, which he believes will leave power after the 2024 elections, to be cautious about how the money is expended.
The Executive Board of the International Monetary Fund (IMF) has approved Ghana’s second tranche of US$600 million for immediate disbursement.
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The approval of the loan facility brings the total disbursement for the country’s implementation of an IMF-supported Post COVID-19 Programme for Economic Growth (PC-PEG) to US$1.2 billion.
This comes about a week after the country secured an agreement with the Official Creditor Committee, leading to the Fund’s endorsement of the country’s First Review of the three-year US$3b programme.
But in a statement via his website, the former President called for judicious use of the money.
Read His Statement Below
STATEMENT: MAHAMA SUPPORTS TUC’S CALL ON GOV’T TO STOP VAT ON ELECTRICITY.
Former President John Mahama has thrown his support behind organised labour’s call on the government to stop the Value Added Tax (VAT) imposed on electricity.
Mahama, who is the leader of the National Democratic Congress (NDC), expressed concern that the implementation of VAT on electricity consumption would further burden Ghanaians, who are already suffering from economic hardship.
In a statement posted on Facebook, Mahama emphasised that the move would increase tariffs by nearly 21% and have a ripple effect on the prices of goods, services, and transport fares. He urged the government to reverse its decision and provide relief to Ghanaians.
Mahama also criticised the Akufo-Addo-Bawumia government, stating that Ghanaians will continue to suffer as long as they remain in office. He highlighted the need for responsible utilisation of the recently released $600 million by the International Monetary Fund (IMF) and urged the outgoing government to exercise caution.
The NDC flag bearer promised that the NDC is eager and ready to address Ghana’s economic challenges and provide substantial relief to Ghanaians upon assuming office in January 2025. He also mentioned his vision to create well-paying jobs through his 24-hour economy policy and other initiatives.
John Mahama is scheduled to begin a three-day #BuildingGhanaTour of the Ashanti Region on Wednesday to interact and listen to the concerns of people in the region.
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