Ghana in Focus Special : Dark Days in Ghana Part II - IMF negotiations and matters arising

Send us Fan MailThis week's edition of Ghana in Focus looks at the effects of Ghana entering into certain conditionality's in order to get a miserly US$3 Billion from the IMF.We start by asserting that this money is NOT the solution to Ghana's long term financial predicament.We also re emphasis why Ghana DOES NOT NEED this paltry bailout and indeed it is an insult and an aberration that Ghana has sought to seek this.We expose the hypocrisy AND LIES of the Finance Minister who vehemently touted that Ghana 'would never go to the IMF'We analyse the approach the government of Ghana has taken when dealing with both the IMF and its main external creditor China, allowing itself to accept very dubious conditions.We explain some of the dire consequences  of these conditions in particular the raid on the working Ghanaians' pension funds  and the potential collapse of the banking  and cocoa sectors.In addition to this as far as the negotiations with China is concerned we speculate on what potentially lies ahead if Ghana is not able to come to an amicable conclusion with China, including losing major assets to China including the Tema Oil Refinery and one of the country's major banks.We urge Ghanaians to rise up against this wicked debt restructuring programme that will have a profound effect on the country both economically and socially.We conclude by stating the impending board level agreement with the IMF is not in the country's national interest and jeopardises its sovereignty.Sponsor a Ghanaian farmer: Grow For Me | Now everyone can farm and trade!Sources:Ofori-Atta hints at second round of domestic debt restructuring (ghanaweb.com)We are not going to IMF for bailout – Ofori- Atta - MyJoyOnline.comNo turning back to IMF, we're on the right path - Ofori-Atta (ghanaweb.com)Support the showDonate/Support the show:    https://www.buzzsprout.com/1793098/supportWe offer a consultation session for those who wish to relocate to Ghana , do business in Ghana , buy land, buying a property or even starting  business in Ghana.  We offer professional support tailored on your needs and wants. We provide valuable information that can assist you in your relocation like the Ghana card how/where to register your business.We can also signpost you to other agencies that can help in your relocation as well as business and investment opportunities.We charge a rate of US$30 for an hour's consultation or US$20 for a 30 minute consultation briefing. To book your consultation please email [email protected] on Youtube - just look for the Ghana/Afrika in Focus podcast on Youtube and click the notification bell so that every time I upload a new podcast it automatically comes to your feed. Tell your family and friends.