Ghana's Minister of Finance Ken Ofori-Atta makes remarks at the Institute of International Finance's meeting entitled "G20: Compact With Africa", during the IMF and World Bank's 2017 Annual Fall Meetings, in Washington, U.S., October 11, 2017.
With nearly half of all government revenue going towards interest payments, concerns that Ghana might need to restructure its debt in order to secure a deal with the International Monetary Fund have further strained market confidence.Speaking on behalf of 80 of the 137 NPP members, Andy Appiah-Kubi said the members of parliament would not take part in any business of government and would boycott budget hearings until its demands are met."We have voiced our concerns to the president...
Ghana's President Nana Akufo-Addo already faces a hung parliament, with membership split down the middle between the two major parties. Even single abstentions often hold back ruling party proposals from becoming legislation. Ofori-Atta, a former banker before being named finance minister in 2016, had repeatedly pledged not to seek IMF assistance before finally engaging the Fund in July.
Yes, we are suffering here in Ghana 🇬🇭🇬🇭🇬🇭