Government fears to go to IMF because it fears to account for mismanaged Covid money – Dr Nii Moi Thompson

Government fears to go to IMF because it fears to account for mismanaged Covid money – Dr Nii Moi Thompson

Former Director–General of the National Development Planning Commission Dr Nii Moi Thompson is of the view that government does not want to go to the International Monetary Fund for support because it fears the IMF may ask it to account for the Covid-19 expenditure.

He said he viewed the push for the E-levy as “the last gap measure” from the government after mismanaging Covid-19 funds.

“It is simply mind-boggling the amount of money we have had before Covid and during Covid,” he said.

The IMF and the World Bank provide Ghana with $1 billion and $230 million respectively to assist with tackling the pandemic.

He now expects strict conditions if the government should turn to IMF support.

“They [IMF] are now lurking in the shadows waiting for us to go to them and the number of conditions that they are likely to put on the table, that is probably why our government is reluctant to go.”

He cited that, the IMF may decide to scrutinise Ghana’s use of the money meant to address the Covid-19 pandemic.

“If they were to go to the IMF, the IMF is going to insist on auditing Covid expenditures because they won’t come and give you money without looking at what you did wrong.”

“They may even insist that it be an outside audit company because of the way we treated the previous Auditor General,” Mr. Thompson added.

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