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The IMF must not bail out debt-distressed nations without demanding passage of anti-corruption legislation

Feature Article The IMF must not bail out debt-distressed nations without demanding passage of anti-corruption legislation
WED, 08 MAR 2023 LISTEN

It simply doesn't make sense for the IMF to continue bailing out debt-distressed nations, being bled dry by corrupt state-capture rent-seeking ruling-elites, without demanding anti-corruption legislation, being put into place to protect public funds.

Needed new legislation in debt-distressed nations, such as Ghana, must include: Giving the Auditor-General prosecutorial powers; indemnifying whistleblowers from prosecution and rewarding them with 35 percent of recovered stolen public funds made possible by their whistleblowing; publicly publishing declaration of asset forms before assumption of office and immediately after the tenures of high public officials (such as government ministers), and their spouses, ends; and banning mining in forest reserves.

Ditto passage of new legislation banning payments of fees of any kind to sector regulatory bodies, by media houses, to protect the right of all Ghanaians to freely express their opinions, guaranteed by the 1992 Constitution. Non-payment of fees to sector regulatory bodies have been used to ban anti-regime media entities in the past.

Ghana - where a sly and greed-filled powerful few, are robbing their country with total impunity, while a mostly-cowed population look on helplessly - is a case in point. For the IMF to bail Ghana out without the above-mentioned new legislation being passed under certificates of urgency, by Parliament, would be like fetching water in an expensive wicker basket, ooooo, Ghanafuor. Yoooooooo...

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