• Latest
  • Trending
  • All
Nana Akufo-Addo

Ghana may not qualify for IMF bailout – Dr. Lawrence declares

July 3, 2022

NDC New Jersey charged to double up efforts towards winning power in 2024

January 30, 2023

GES Looking & Leapfrogging Into Menace and Mess – The Non-Operational Externality

January 29, 2023

Invest in our Property Development Projects in Ghana

January 29, 2023

Police arrest four suspects for robbery and murder at Wassa Agona

January 29, 2023

Ablekuma Central MP Donates Food Items Towards 2023 Greater Accra Maulid

January 28, 2023
Image credit: Daily Graphic

FDA investigates and suspends Yellow Sisi operation

January 28, 2023
The suspect

Police arrest one person in connection with murder and violent disturbances in the Ashanti region

January 27, 2023
Image credit: Daily Graphic

Waakye Kills 5: Suspected food poisoning, 40 others affected

January 27, 2023

GAF embarks on measures to deal with unauthorised use of military regalia

January 27, 2023
Ken Ofori-Atta - Finance Minister

Government reaches agreement with Ghana Insurers Association on DDEP

January 27, 2023

Pre-tertiary unions express disappointment over default in GESOPS payment

January 27, 2023

DCFO Gibril bows out of service after over 3 decades

January 27, 2023
Image credit: Shutterstock.com

GES commiserates with family of drowned pupils

January 27, 2023
President Akufo-Addo

Akufo-Addo appoints new Chief of Air Staff

January 27, 2023

75 BECE 2022 Candidates’ Entire Results Cancelled By WAEC.

January 26, 2023
Cassiel Ato Forson

I feel honoured and humble… – Dr Forson

January 26, 2023

WAEC releases 2022 BECE results

January 25, 2023
Dr Cassiel Ato Forson

60 NDC MPs reject change in leadership

January 25, 2023

640 nationwide fire recorded from Jan. 1 to Jan. 23

January 25, 2023

A profitable water factory for sale at Sunyani

January 25, 2023
ndc

NDC make massive change in Parliamentary leadership

January 24, 2023
Kissi Agyebeng - Special Prosecutor

OSP charges Northern Development Authority CEO and his deputies

January 24, 2023
Image credit: Shutterstock.com

GWCL resorts to Water Demand Management to ensure equitable distribution of the water

January 24, 2023
Ken Ofori-Atta - Finance Minister

Government reaches agreement with banks on new terms for debt exchange program

January 24, 2023
A part of the school. Image credit: Facebook

5-member committee to probe Krobea Asante Institute incident

January 24, 2023
  • All News
  • About Us
  • Advertise
  • AMN Research
  • My Story
  • Vovoli TV
Tuesday, January 31, 2023
  • Login
Awake News
Advertisement
  • News
    • Crime
    • Peace & Security
    • Diaspora
    • Press Release
    • Photos
    • Videos
    • Religion
  • Business
    • Agriculture
    • Finance
    • Energy
    • Telecom
    • Economy
    • Travel
    • Mining
    • Oil & Gas
    • Tourism & Hospitality
    • Real Estate
    • Transport
  • Politics
    • Awake Election Watch
    • NDC News
    • NPP News
    • CPP News
    • Opinion Polls
    • Elections
    • Flagbearers
  • Education
  • Health
  • ShowBiz
    • Celebrities
    • Concert
    • Fashion
    • Music
    • Lifestyle
  • Sports
    • Football
    • African Football
    • European Football
    • Basketball
    • Athletics
    • Boxing
    • Disability Sports
    • Tennis
    • Other Sports
  • Features
    • Opinions
    • Speeches
    • Poem
    • Interviews
    • Inspirations
    • People
    • People & Culture
No Result
View All Result
  • News
    • Crime
    • Peace & Security
    • Diaspora
    • Press Release
    • Photos
    • Videos
    • Religion
  • Business
    • Agriculture
    • Finance
    • Energy
    • Telecom
    • Economy
    • Travel
    • Mining
    • Oil & Gas
    • Tourism & Hospitality
    • Real Estate
    • Transport
  • Politics
    • Awake Election Watch
    • NDC News
    • NPP News
    • CPP News
    • Opinion Polls
    • Elections
    • Flagbearers
  • Education
  • Health
  • ShowBiz
    • Celebrities
    • Concert
    • Fashion
    • Music
    • Lifestyle
  • Sports
    • Football
    • African Football
    • European Football
    • Basketball
    • Athletics
    • Boxing
    • Disability Sports
    • Tennis
    • Other Sports
  • Features
    • Opinions
    • Speeches
    • Poem
    • Interviews
    • Inspirations
    • People
    • People & Culture
No Result
View All Result
Awake News
No Result
View All Result
Home Business

Ghana may not qualify for IMF bailout – Dr. Lawrence declares

Efo Korsi Senyo | Executive Editor by Efo Korsi Senyo | Executive Editor
July 3, 2022
in Business
A A
0
Nana Akufo-Addo

President Akufo-Addo

69
SHARES
766
VIEWS
ShareShareShareShareShare

RelatedNews & Articles

Invest in our Property Development Projects in Ghana

Zenith Bank still holds licence – SEC

Hawa Koomson appointed as caretaker of Agric ministry

Dr. Lawrence Appiah, the Founder of the US-based Diaspora Progressive Movement has said that in view estimation, Ghana may not qualify for an IMF program.

Senco Global Developers Senco Global Developers Senco Global Developers
ADVERTISEMENT

According to him, there has been so much waste in the country with the Finance Minister cooking figures on the management management of the economy since 2018.

“The wastage and corruption in Ghana are such that the IMF may disqualify Ghana for any help. Just imagine the President’s chartered jets, AGYAPA, the number of Ministers for 32.37 million people, number of Presidencial staffers, and the V8 convoy that follow the President for just a sod-cutting event.” – He said

Read his statement:

Adverts:- Land for Sale at Oyibi, Adenta, Ayi Mensah, Oyarifa. House for sale at Spintex, Oyarifa - CLICK HERE

The most difficult and most dangerous job in the world now is being the spokesperson for the Government of Ghana and the New Patriotic Party (NPP). Today, you put your whole life and credibility on line to defend these people only for them to turn around and do exactly the opposite of what you defended.

NPP has demonized the International Monetary Fund (IMF) and JM for six years. Even last week they were on radio and TV saying, going to IMF was not on their table. They didn’t know when they were saying that, the President was in an informal negotiations with the IMF.

On Friday, we woke up to the announcement that the President has directed his Finance Minister to begin formal negotiations with the IMF. As soon as the announcement came, the communicators changed their narrative and started saying all the good things about the IMF and said President Mahama also went to the IMF.

Sri Lanka has been in negotiations with the IMF for over 12 months now and I know some countries who were not qualified for the IMF program. So, the President’s directive should be embraced with caution. Ghana may not qualify for the IMF program, and these are the reasons:
The Finance Ministry has not kept the financial books in order. They have been cooking the figures since 2018. They presented different figures to Ghana’s Parliament and presented different figures to the IMF. Even the President, the Vice President, the Finance Minister and communicators have different figures for the Income and Expenditures for the COVID-19 Fund.

The Economy of Ghana is in a very terrible shape. The government owes every sector in Ghana for at least six months, including statutory funds that the government is mandated by the constitution to pay. Cost of goods and services keep rising as if there is no government in Ghana.

The wastage and corruption in Ghana are such that the IMF may disqualify Ghana for any help. Just imagine the President’s chartered jets, AGYAPA, the number of Ministers for 32.37 million people, number of Presidencial staffers, and the V8 convoy that follow the President for just a sod-cutting event.

The IMF normally considers to help Presidents who have vision but are struggling due to factors beyond their control. Nana Akufo-Addo has no vision. He is running the country like he is fed-up. All the problems that are sending us back to IMF today are due to his home-grown policies. The problems have nothing to do with COVID-19 and the Russian-Ukraine war.
Ghanaians should not be sad that their government is sending them back to IMF. We should rather be very worried if we are not accepted by the IMF. It has happened to other countries and Ghana is not different. A President without a vision would not have a Plan B, and that is my fear. At the end of the day, Ghana our beloved country, would be sold to the highest bidder. That is what we should be more worried about.

Mahama reba
Dr. Lawrence is the Founder of the Diaspora Progressive Movement in USA.

Tags: GhanaIMF
Do you have any article or news or story leads? Let Awake News energize that story for you. Send them to editor@awakenewsroom.com or WhatsApp: +233249155003 ========================
Efo Korsi Senyo | Executive Editor

Efo Korsi Senyo | Executive Editor

Efo Korsi Senyo has over 10years of experience working as an investigative journalist. He is the Executive Editor of Awake Newspaper, Awake Africa, and Head of Awake Investigations. Connect with him via senyo@amnafrica.com or WhatsApp: +233249155003

Related Posts

Real Estate

Invest in our Property Development Projects in Ghana

by Efo Korsi Senyo | Executive Editor
January 29, 2023
African Politics

The Debt Crisis in Africa – Causes and Consequences

by Simon Amegashie-Viglo | Columnist
April 5, 2022
Dr. Arikana and Nana Addo
Africa Business

President Akufo-Addo to open the 1st Wakanda One City of Return Trade Expo

by Efo Korsi Senyo | Executive Editor
November 24, 2021
News

Ghanaians in USA welcome Akufo Addo with massive cheers

by Awake News
September 22, 2021
Prof. Baffour Agyeman-Duah
News

Ghana must not be complacent amid Guinea coup – Agyeman-Duah

by Nana Araba Bedu-Addo | News Editor
September 9, 2021
  • Trending
  • Comments
  • Latest
Image credit: Daily Graphic

Waakye Kills 5: Suspected food poisoning, 40 others affected

January 27, 2023
John Dramani Mahama

Some achievements of John Mahama as President of Ghana (2012-2016)

August 16, 2020

SAD: Rashida Black Beauty Goes Naked Again With Houseflies (Video)

July 22, 2017

NDC New Jersey charged to double up efforts towards winning power in 2024

January 30, 2023

GES Looking & Leapfrogging Into Menace and Mess – The Non-Operational Externality

January 29, 2023

Invest in our Property Development Projects in Ghana

January 29, 2023

RSS Properties for Sale

  • Prampram, Perfect Settlement – Genuine Plots January 24, 2023
  • Comm.25, Settle For The Best – Buy Genuine Lands January 24, 2023
  • Prampram, Ready To Move In? Buy Certified Lands January 24, 2023
  • Dawhenya, Acquire Genuine Land Get Great Packages January 24, 2023
  • Genuine Plots at Reasonable Price for sale at Prampram January 24, 2023
  • Land for sale at Dawhenya January 24, 2023
  • Pay less, own a plot of land at Prampram January 24, 2023

Vovoli TV

ADVERTS

Awake News

News Production & Advertising

Awake News is published by AM Network which seeks to give readers balanced and credible news from across Ghana and the world. We focus on giving our reader the reason to return to our portal for any news and why advertiser must place their ads on our portal...read more

Services

  • My Story
  • Advertise With Us
  • AMN Research
  • Contact Us
  • Vovoli TV
  • Awake Investigates

Partners

  • SenyoMart
  • GoPropertyLink.com
  • Senyo Global Solutions
  • FNN24.com
  • LoudSilenceRadio.com
  • GHface.com
  • myxyzonline.com
  • SenyoHost.com

 


Do you have any article for publication? Are you an eyewitness? Submit your stories and articles now via awakenewsonline@gmail.com or WhatsApp: +233249155003

  • All News
  • About Us
  • Advertise
  • AMN Research
  • My Story
  • Vovoli TV

Copyright © 2012-2020 | Awake News

No Result
View All Result
  • Vovoli TV
  • All Latest News
  • News
  • Politics
  • Education
  • Business
  • Health
  • Sports
  • Opinions
  • Entertainment
  • Press Release
  • My Story

Copyright © 2012-2020 | Awake News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In