Ghana's Finance Minister, Ken Ofori-Atta and his team are currently in Washington DC to make a final push for the board of the IMF to approve a $3 billion bailout for the country.
The team made up of the Governor of Bank of Ghana (BoG), Dr. Ernest Addison and members of the economic management team together with the Finance Minister are expected to make a headway in securing the IMF deal.
This deal is said to be the panacea to the sufferings of Ghanaians as it is believed to help cancel Ghana's debt.
Before the team's move to the United States, the Finance Minister was in China for similar debt restructuring purposes.
Although this initiative is aimed at remedying the country's economic problems, the Editor-in-Chief of the Insight newspaper, Kwesi Pratt Jnr. thinks otherwise.
Reacting on Peace FM's "Kokrokoo" morning show, Kwesi Pratt held strongly that the bailout will make no significant impact on the living conditions of Ghanaians.
To him, the deal is only good to cancel the nation's debt but will not reduce the citizenry's hardships.
"You will pay the debt but the price of kenkey won't reduce. You will pay up the debt but it won't reduce electricity bills. You will discharge the debt but transport fares won't come down. Maybe paying up the debt will bring us some peace but it won't ease our plight to the extent that commodity prices will reduce", he told Kwami Sefa Kayi.
He added; "I have no assurance that whether this moeny comes or not, our hardships will go down."
Source: Ameyaw Adu Gyamfi/Peacefmonline.com/Ghana
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In small towns and villages, outside Accra and the regional capitals one can't use the internet of make calls because there is no reception. Vodafone has disappointed us. I was in the countryside for 1 week, and during that period I couldn't make a phone call or use the internet. Vodafone must provide better quality of service.
Mr Pratt what do use to make kenkey? Go and start corn plantation on commercial basis and stop that nonsensess, you are a joinalist. Who should go plant for you to eat? How many news papers do you sell in a day, not even ten so you don't contribute to Ghana's development in any shape or form.
***barred word*** we already know this and don't need Mr Pratt to know this. We're only waiting for elections so you'll know your defense on here didn't bring any positive results for npp ***barred word*** . Defending online because you've been given some money . Karma is real
Infantile leftist propagandist
Give us a peace you are not only Ghanaian
That’s the state of our nation right there. This guy is a rabble rouser who makes the most unreasoned and simplistic statements. Alas, he is hailed as a “seasoned journalist”. You see why GH is doomed? We don’t have proper thought leadership in our media to lead and drive the nation’s focus on sensible and well reasoned solutions! Reducing our debt portfolio to a “kenkey argument”may please the gallery, but certainly of no help in troubleshooting our financial reality. SMH.
Why is this guy so myopic? Or is it a case of intentional dishonesty? You don't understand how being responsible for your debts can impact on the general level prices in an economy? and you call yourself Mr. Know-All? Eiii, Ghana!