The Minority in Parliament says Ghana is likely to return to the International Monetary Fund (IMF) for a bailout just a year after it exited due to what they described as the killer taxes imposed by the Akufo-Addo administration.

It said “it is necessary the Akufo-Addo-led government changes its governance course; it will not be surprising if Ghana seeks a bailout from the IMF a year after it exited from the programme.”

The comment of the Minority followed the presentation of the Mid-year Budget Review by the Finance Minister, Ken Ofori-Atta on the Floor of Parliament on Monday.

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Reacting to the Minister’s mid-year Budget Review with their version of the budget on Tuesday, Minority Spokesperson on the Finance Committee, Cassiel Ato-Forson said the budget, which only focused on tax increment, will result in hardship in Ghana.

“The budget offers groom and contains difficult times for the people of Ghana. It will send shock waves to many homes and businesses as it begins to compound the excruciating hardships Ghanaians are already going through under President Nana Akufo-Addo despite his promise not do so in opposition,” he said.

Former Power Minister, John Jinapor, on his part, said, “we shall hold President Akufo-Addo and the New Patriotic Party responsible for the hardships.

“We expect them to withdraw the taxes, else we will use every means possible in and out of Parliament to demand they are scrapped.”

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Source: | Gertrude Otchere