The Convention People\u2019s Party (CPP) has described going to the International Monetary Fund (IMF) for support as a lazy approach.<\/p>\n\n\n\n
In a statement, the party also said that this was a short-term measure.<\/p>\n\n\n\n
\u201cGhana has gone to the IMF for a bailout 17 times and does the Akufo-Addo and Bawumia Government believe this 18th time would create the magic wand that would salvage the Ghanaian Economy? We in the CPP believe that a run to the IMF is a lazy man\u2019s approach to solving the problem as well as a short-term fix which cannot redeem our damaged economy.\u201d<\/p>\n\n\n\n
\u201cThe CPP thinks it is unfortunate that the Nana Akufo-Bawumia government need an outside body like the IMF to hold them to a fiscal discipline regime where they will be forced to be prudent and to have a plan aimed at prioritising spending,\u201d the party said.<\/p>\n\n\n\n
The CPP also called for an apology from the government for \u201cputting us in this mess and reneging on all their promises to Ghanaians.\u201d<\/p>\n\n\n\n
\u201cThere is no doubt that the IMF and its programs are neo-colonial very imperialist in nature and, with no indication to make life better for the Ghanaian, but today this is where we find ourselves, hooked in and bound to the Apron strings of the IMF because somebody did not do their job well.\u201d<\/p>\n\n\n\n
The government announced last Friday that it would hold formal talks with the IMF.<\/p>\n\n\n\n
The move came after the Akufo-Addo government\u2019s controversial revenue generation policy, the electronic transfer levy, failed to generate the needed revenue targets.<\/p>\n\n\n\n