Finance Minister, Ken Ofori-Atta, says Ghana will not seek a bailout from the International Monetary Fund, IMF.
He said despite the current economic challenges, Ghana will not go the IMF.
Mr. Ofori-Atta says government will consider home-grown solutions to deal with the economic difficulties.
Speaking at the Tamale edition of the Townhall meeting on the E-Levy, he said Ghana has what it takes to turn its ailing economy around.
He also indicated that Ghana had the capacity to raise domestic revenue for development.
The government has been called upon to return to the IMF for support instead of relying on the proposed E-levy for revenue.
“I can tell you, as my colleague deputy said, we are not going back to the IMF, whatever we do we are not [going back]. The consequences are dire, we are a proud nation, we have the resources , we have that capacity, don’t let anybody tell you … we are not people of short-sighted, we need to move on,” Mr Ofori-Atta said.