{"id":65362,"date":"2024-01-25T06:47:10","date_gmt":"2024-01-25T06:47:10","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/mahama-cautions-government-against-misapplying-us600-million-imf-loan"},"modified":"2024-01-25T07:42:12","modified_gmt":"2024-01-25T07:42:12","slug":"mahama-cautions-government-against-misapplying-us600-million-imf-loan","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/mahama-cautions-government-against-misapplying-us600-million-imf-loan","title":{"rendered":"Mahama cautions government against misapplying US$600 million IMF loan"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Former President John Dramani Mahama has called on government to spend the US$600 million received from the International Monetary Fund (IMF) judiciously. <\/b><\/p>\n

According to the 2024 flag bearer for the opposition National Democratic Congress (NDC), even though the release of the fund, should have lessen the problems of the already troubled Ghanaian, that will not be the case because the country’s administration is under the leadership of the New Patriotic Party government.<\/p>\n

His comments stem from the government’s intention to implement a tax on electricity consumption, a policy that organised labour has given a seven-day ultimatum to withdraw.<\/p>\n

\u201cUnder normal circumstances, the release of $600 million by the International Monetary Fund (IMF) to the government of Ghana should provide relief to the already overburdened and suffering Ghanaian.<\/p>\n

\u201cIt is, however, evident that Ghanaians will continue to suffer as long as the Akufo-Addo-Bawumia and NPP remain in office. Implementing VAT on electricity consumption will increase tariffs by almost 21% and exacerbate the hardship on Ghanaians. This will affect the prices of goods, services, and transport fares,\u201d he indicated in a Facebook post on January 24, supporting the TUC’s call for the policy’s suspension.<\/p>\n

Mr. Mahama went ahead to caution the government on how to utilise the funds that has been released by the IMF.<\/p>\n

\u201cBefore that, I again urge the outgoing NPP government to be cautious, responsible and judicious in utilising the IMF $600 million and other funds that may be made available to Ghana from the World Bank and other development partners,\u201d he noted.<\/p>\n

He also indicated that he has asked the NDC Minority in Parliament to be extra vigilant to prevent the government from having its way on many things including the printing of millions of Cedis on their blind side the previous years.<\/p>\n

\u201cI have already encouraged the NDC minority in parliament to ensure strict oversight on both the government and not to take their eyes off the Bank of Ghana that illegally printed billions of cedis and aggravated our economic situation,\u201d he said in portions of his statement.<\/p>\n

His \u2018Building Ghana Tour’, he noted, continues unabated as he turns to the Ashanti region in the next three days.<\/p>\n

\u201cOn my part, I will, from time to time, continue to engage the Ghanaian public about my vision to build the Ghana we want and how we will work together to create well-paying jobs through my 24-hour economy policy and other pragmatic initiatives. Over the next three days, I will be in the Ashanti Region to interact and listen on the eighth leg of my #BuildingGhanaTour,\u201d that, he said, is what he would be doing in the course of relieving Ghanaians of their problems.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Former President John Dramani Mahama has called on government to spend the US$600 million received from the International Monetary Fund (IMF) judiciously. According to the 2024 flag bearer for the opposition National Democratic Congress (NDC), even though the release of the fund, should have lessen the problems of the already troubled Ghanaian, […]<\/p>\n","protected":false},"author":84,"featured_media":65361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[5092,5096,429],"class_list":["post-65362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nMahama cautions government against misapplying US$600 million IMF loan - Ghana<\/title>\n<meta name=\"description\" content=\"Former President John Dramani Mahama has called on government to spend the US$600 million received from the Internati ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/mahama-cautions-government-against-misapplying-us600-million-imf-loan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mahama cautions government against misapplying US$600 million IMF loan\" \/>\n<meta property=\"og:description\" content=\"Former President John Dramani Mahama has called on government to spend the US$600 million received from the Internati ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/mahama-cautions-government-against-misapplying-us600-million-imf-loan\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-25T06:47:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-25T07:42:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/01\/sm_1706155772.988396.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1940\" \/>\n\t<meta property=\"og:image:height\" content=\"947\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mahama-cautions-government-against-misapplying-us600-million-imf-loan#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mahama-cautions-government-against-misapplying-us600-million-imf-loan\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mahama cautions government against misapplying US$600 million IMF loan\",\"datePublished\":\"2024-01-25T06:47:10+00:00\",\"dateModified\":\"2024-01-25T07:42:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mahama-cautions-government-against-misapplying-us600-million-imf-loan\"},\"wordCount\":465,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mahama-cautions-government-against-misapplying-us600-million-imf-loan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/01\/sm_1706155772.988396.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/mahama-cautions-government-against-misapplying-us600-million-imf-loan#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mahama-cautions-government-against-misapplying-us600-million-imf-loan\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mahama-cautions-government-against-misapplying-us600-million-imf-loan\",\"name\":\"Mahama cautions government against misapplying US$600 million IMF loan - 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