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Akufo-Addo to chair crunch cabinet meeting to decide between E-levy Bill and IMF bailout

A crunch cabinet meeting is underway at the Peduase Lodge to find solutions to the current economic challenges in the country amid the growing depreciation of the cedi and the recent increments in fuel prices.

Andy Frimpong Manso by Andy Frimpong Manso
March 17, 2022
in General, Lead story, Local News, News, Review, Top Stories
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A crunch cabinet meeting is underway at the Peduase Lodge to find solutions to the current economic challenges in the country amid the growing depreciation of the cedi and the recent increments in fuel prices.

The meeting is expected to take place at the Peduase Lodge, from Thursday, March 17, to Sunday, March 20, 2022.

The Republic Press has gathered that the meeting will be chaired by President Akufo-Addo, together with all NPP MPs, ministers, government appointees, and the governing New Patriotic Party (NPP) leadership.

The meeting is expected to discuss whether government should continue to push through with the E-levy Bill or resort to the International Monetary Fund (IMF), in the face of the current fiscal hurdles.

Similarly, in a tweet, a leading member of the ruling New Patriotic Party, Gabby Otchere-Darko also indicated that given the current deadlock on the controversial E-Levy Bill, there’s the need for a ‘national debate’ on the way forward.

“2022 began without the usual $3 billion injections of Eurobond cash. Govt’s post-COVID recovery GhanaCARES programme hinged partly on an E-levy which Parliament may not even OK. There should be a national debate: do we want IMF or E-Levy or both or none? Tough decisions confront Ghana”, he proposed

Also, he said the government’s post-COVID recovery programme, GhanaCARES, “hinged, partly on an E-levy” which, he surmises, “Parliament may not even OK”.

“There should be a national debate: do we want IMF or E-Levy or both or none? Tough decisions confront Ghana”. – He tweeted

Tags: E-levy Bill and IMF bailoutMeetingPeduase




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