What will IMF assess differently? Figures are showing already that our debt is not sustainable, unless debt forgiveness and partial debt-forgiveness ( hair-cut) from multi debt partners.
Commenting on the post, Mr. Kpormatsi added that, It is very dangerous for a country to have higher internal debts to external but that is where we are now – 70 /30. So hair cut will collapse our banks. If we want debt forgiveness, you must stop Agenda 111, reduce ministers to 30, cancel free SHS and all other wants, unless emergency projects
He went on to add that, About cedi depreciation, IMF’s promise of 3 billion dollars injection, if done, will only put or sustain cedi to dollar at Ghc 10 for a maximum of 3 months, considering how $700 million loan sustain the cedi depreciation at Ghc 10 for 21 days at Ghc 10, which is now close to Ghc 11.
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