Coronavirus: US$1 billion IMF loan to Ghana raises silent questions

As for the issue of budget deficit exceeding 5% of GDP against the law passed by Parliament, nobody takes it seriously because there is no independent authentic way of verifying the figures, and some critics have said the GDP estimates are always known “several months after the fact”, which means the figures do not arrive in time for decision making.

In all, the masses never believed Ghana could stop going to IMF and World Bank, and this is one more example. After three years of castigating the previous administration, this NPP administration has taken us back to IMF.

And the minority parties are sure to respond.


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