Democratic Forum calls on IMF to provide technical support to Ghana WITHOUT A LOAN

Democratic Forum has written to the IMF and has called on the international organization NOT to grant the government of Ghana a loan Facility.

In the same letter, we asked the IMF to instead provide technical support to the country in order to cause the government to be financially prudent.

Our letter was inspired by;

1. The rising public debt: We believe that the government after borrowing Ghc 266 bn should have enough to develop Ghana and that the expected $3bn will not change much but only add to our public debt.
2. That the IMF should focus on providing technical support to cause the government to properly account for the $2bn COVID support received from the IMF.
3. That the IMF should cause the government to stop the profligacy, renting of private jets, and payment of non-performing government officials.
4. That less useful appointments such as the ambassador at large, ambassador In-situ should be scraped and the staffers at the presidency should be reduced drastically.
5. That the IMF should provide support for the fight against corruption since the country loses over $3bn yearly to corruption.

We believe that these interventions would make enough funds available to solve the current economic crisis.

Kindly find an attached document of the full petition

Dr. Frank Amoakohene

Executive Director

Democratic Forum

0209013585

[email protected]