NDC lied about IMF deal - Majority reveals

NDC lied about IMF deal - Majority reveals

The opposition National Democratic Congress (NDC) is being revealed to have falsified facts about Ghana's economy to the International Monetary Fund (IMF).

NDC lied about IMF deal - Majority reveals

In a press briefing, the majority claimed that former President Mahama lied to the International Monetary Fund (IMF) in securing the US$900million Economic Credit Facility.

“In his revelation, the Vice President made known that an amount of over GH?7billion as arrears has been uncovered in the process of interrogating data that was made available to the government. What is deeply worrying in the revelation is that the arrears covered the period 2014 – 2016, and span the period during which negotiations of the current Extended Credit Facility (ECF) Program with the IMF begun.”

“On the face of the reality that the arrears date back to 2014, then it would suggest that when the previous administration entered into negotiations with the IMF, full disclosure of data was not made available to the Fund. Again on account that arrears for 2015 and 2016 were also not fully disclosed, then it raises further questions on the integrity of data we have been churning out over the past eight year,” Chairman of the Finance Committee, Dr. Mark Assibey-Yeboah, who addressed the NPP Majority Caucus noted.

Meanwhile, the NDC has debunked these claims calling them sheer lies as they claim to have left a buoyant economy.

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NDC lied about IMF deal - Majority reveals

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