Ghana in Focus Special : Dark Days in Ghana Part II - IMF negotiations and matters arising

This week's edition of Ghana in Focus looks at the effects of Ghana entering into certain conditionality's in order to get a miserly US$3 Billion from the IMF.

We start by asserting that this money is NOT the solution to Ghana's long term financial predicament.

We also re emphasis why Ghana DOES NOT NEED this paltry bailout by stating amongst others how Ghana loses US$ 7 Billion annually as a result of Gold smuggling aided and abbetted mostly by Choinese and Indian so called businessmen. Indeed it is an insult and an aberration that Ghana has sought to seek this patgetic bailout!!

We expose the hypocrisy AND LIES of the Finance Minister who vehemently touted that Ghana 'would never go to the IMF'

We analyse the timid approach the government of Ghana has taken when dealing with both the IMF and its main external creditor China, allowing itself to accept very dubious conditions.

We explain some of the dire consequences of these conditions in particular the raid on the working Ghanaians' pension funds and the potential collapse of the banking and cocoa sectors..

In addition to this as far as the negotiations with China is concerned we speculate on what potentially lies ahead if Ghana is not able to come to an amicable conclusion with China, including losing major assets to China including the Tema Oil Refinery and one of the country's major banks.

We urge Ghanaians to rise up against this wicked debt restructuring programme that will have a profound effect on the country both economically and socially.

We conclude by stating the impending board level agreement with the IMF is not in the country's national interest and jeopardises its sovereignty.

Listen to the show here: Ghana in Focus Special : Dark Days in Ghana Part II - IMF negotiations and matters arising - Ghana / Afrika in Focus | Podcast on Spotify

Sources:
Ofori-Atta hints at second round of domestic debt restructuring (ghanaweb.com)

We are not going to IMF for bailout – Ofori- Atta - MyJoyOnline.com

No turning back to IMF, we're on the right path - Ofori-Atta (ghanaweb.com)