The Ranking Member of the Finance Committee of Parliament, Dr Cassiel Ato Forson has predicted that Ghana will follow the steps of Sri Lanka by making a U-turn to the International Monetary Fund (IMF).
According to him, the economy is in deep trouble and on the brink of collapse.
This comes at a time analysts and political watchers are lamenting how the Ghanaian economy has been run down by the Akufo-Addo led government culminating in its downgrade by several International rating agencies including Fitch, which downgraded the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’ with a negative outlook.
The plight of the economy has been worsened with the government’s struggles to raise revenue with public finances also deteriorating by the day.
Amid all this, there have been clarion calls for the country to head to the IMF for a debt relief package.
But some government officials have parried those suggestions and insisted they can navigate the crisis without IMF assistance. But its strategy, which involves introducing the controversial Electronic Transfer Levy (E-Levy) bill has been described as unrealistic.
Dr Cassiel Ato Forson who has long painted a gloomy picture of the economy and called for urgent prudent measures to be put in place lest it crashes has made another startling revelation of how the economy is in deep trouble.
Taking to his social media handle, the Ajumako-Enyan-Essiam MP said: “Ghana may follow Sri Lanka by making a U-turn to the IMF before December, after months of denial and bad-mouthing the IMF and those of us suggesting the obvious! The undeniable truth is that the economy is in deep trouble! Very Sad!”
Source: The Newsroom Online
