The presidential candidate of the opposition National Democratic Congress (NDC), John Dramani Mahama, has advised the government to judiciously utilise the second tranche of the $600 million IMF bailout.
The former president stated that the approval of the second tranche should provide relief to the suffering masses, but this would not be possible under the failed administration.
Mr. Mahama stated that Ghanaians will continue to suffer as long as the NPP remains in power.
“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,” he wrote in a Facebook post.
He criticised the government for imposing a 15% VAT on electricity consumption, predicting potential tariff increases that could result in higher prices for goods, services, and transport fares.
“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.”
He urged the Minority in Parliament to conduct thorough investigations and scrutinize the government’s actions with utmost vigilance.
“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.”
By: Rainbowradioonline.com/Ghana
