{"id":67364,"date":"2014-11-22T06:00:23","date_gmt":"2014-11-22T06:00:23","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=67364"},"modified":"2014-11-22T06:06:10","modified_gmt":"2014-11-22T06:06:10","slug":"imf-dictated-ghanas-17-5-petroleum-tax-tuc","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/11\/imf-dictated-ghanas-17-5-petroleum-tax-tuc\/","title":{"rendered":"IMF behind 17.5% Petroleum Tax \u2013 TUC"},"content":{"rendered":"

The Trades Union Congress (TUC) is accusing the International Monetary Fund (IMF) of masterminding the controversial 17.5% Special Petroleum Tax<\/strong><\/a><\/span> that was approved by Parliament on Wednesday<\/strong><\/a><\/span>.<\/p>\n

Speaking on Eyewitness News <\/strong>on Friday, the Deputy Secretary General of the TUC, Dr Yaw Baah said, \u201cWe find it extremely surprising that government will allow the IMF to dictate to them and say impose VAT on petroleum products.\u201d<\/p>\n

He said we \u201c…have a situation, where we are struggling and you have a government impose VAT on petroleum products when we are already crying. VAT is regressive and so progressive countries don\u2019t really duel so much on it. That is why we should not allow the IMF to dictate to us.\u201d<\/p>\n

[contextly_sidebar id=”K7JSUESk7anMMyuaPK3IKg4FubTiJB4d”]Dr Baah also described the \u201cdecision to move from Senchi to IMF\u201d as \u201cvery unfortunate.\u201d<\/p>\n

\u201cYou are running a country and you have stakeholders and you brought all of us together and we all agreed that this is the path that we want to take. Even if you want to do U-turn you consult, you don\u2019t just go ahead and say you are going to IMF it doesn\u2019t matter what anyone will say,\u201d he fumed.<\/p>\n

The IMF in a release endorsed the nation\u2019s 2015 budget<\/strong><\/a><\/span>\u00a0saying it contained the plan to reduce the country\u2019s fiscal deficit and properly manage government\u2019s finances.<\/p>\n

But Dr Baah said they are not surprised that the IMF has endorsed the budget saying \u201cof course IMF will be happy to see such a budget…because the budget reflects the IMF tradition.\u201d<\/p>\n

He however chastised government for seeking assistance from the IMF despite revenues being raked from the oil sector.<\/p>\n

He said, \u201cWhat we need now in Ghana is not more money because we have got more money. If you compare the money we have now to ten years or two years ago the economy is growing, we are having more money. The problem is how to manage the money that we have that is why we should not allow the IMF to dictate to us.\u201d<\/p>\n

\n

–<\/p>\n

By: Godwin Allotey Akweiteh\/citifmonline.com\/Ghana<\/p>\n

Follow @AlloteyGodwin<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Trades Union Congress (TUC) is accusing the International Monetary Fund (IMF) of masterminding the controversial 17.5% Special Petroleum Tax that was approved by Parliament on Wednesday. Speaking on Eyewitness News on Friday, the Deputy Secretary General of the TUC, Dr Yaw Baah said, \u201cWe find it extremely surprising that government will allow the IMF […]<\/p>\n","protected":false},"author":24,"featured_media":7004,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38],"yoast_head":"\nIMF behind 17.5% Petroleum Tax \u2013 TUC - Citi 97.3 FM - Relevant Radio. 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