World Bank<\/strong><\/span><\/a> is also assisting Ghana to improve upon some sectors of the economy especially, education.<\/p>\nAlthough some economists and sections of the general public have kicked against the EPA and IMF\u2019s bailout, stating that the two could lead to job cuts and a host of other undesirable effects on the people of Ghana, the government is proceeding with its plans.<\/p>\n
Speaking on Citi FM\u2019s<\/strong> Point Blank<\/strong> segment on Eyewitness News<\/strong>, Mornah said government\u2019s decision to sign the EPA and run to the IMF for a bailout \u201cthat are unhealthy for economic development, then we are in the middle of nowhere.\u201d<\/p>\nHe described the EPA as a \u201chuge, huge, negative policy that will have consequences on us.\u201d<\/p>\n
According to Mornah, the benefits that the agreement will bring to Ghanaians \u201cwill lead us nowhere just as the IMF and World Bank prescriptions will over the years have led us into massive unemployment\u2026I have said time without number that it [IMF] is not the way out.\u201d<\/p>\n
The PNC\u2019s General Secretary alleged that Mahama-led government is not telling citizens the truth in relation to the drastic reduction in donor funds to Ghana.<\/p>\n
He mentioned that \u201cif you go round government circles, donor funding is not coming\u201d based on government\u2019s decision to implement homegrown policies which in reality will be of no benefit to donor countries which import their produce to Ghana.<\/p>\n
He advised Ghanaians not to believe the President\u2019s explanation that donor countries have cut back on funding to Ghana due to the nation\u2019s attainment of a lower middle income status.<\/p>\n
\u201cIf donors believe we are in a middle income country, they should not make pledges and somersault on those pledges\u2026By what they have done, are we not running to the IMF?\u201d he asked.<\/p>\n
<\/p>\n
By: Efua Idan Osam\/citifmonline.com\/Ghana<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The General Secretary of the People\u2019s National Convention (PNC), Bernard Mornah has said government’s economic and other policies have left Ghana in the \u201cmiddle of nowhere.\u201d Ghana is currently in talks with the\u00a0International Monetary Fund (IMF)\u00a0to help the nation surmount its socio-economic challenges. The nation together with other West African states have\u00a0agreed to sign an […]<\/p>\n","protected":false},"author":5,"featured_media":46489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[38,17],"yoast_head":"\n
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