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Freeze "unlawful" IMF disbursements - Minority

"The Minority in Parliament wants the International Monetary Fund (IMF) to halt disbursements"

Source: GHR1/starrfmonline

Posted on : Tue 08 Sep 2015

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The Minority in Parliament wants the International Monetary Fund (IMF) to halt disbursements of monies to Ghana under its three-year bailout programme because the deal does not have the blessing of parliament.

The New Patriotic Party (NPP) MPs are threatening to drag the government to court if the Bretton Woods institution fails to heed their call.

Addressing a press conference in Accra Tuesday, the Minority spokesperson on Finance, Dr Anthony Akoto Osei and lawyer, Afenyo Markin, said though Article 181 (3) of the constitution states that “no loan shall be raised by the government on behalf of itself or any other public institution or authority otherwise than by or under the authority of an Act of Parliament,” the ruling NDC administration has violated the law and went ahead to approve the deal without recourse to Parliament.

The IMF has approved a $918 million bailout for Ghana under a three-year bailout programme. It has already released $230 million to the West African country after assessing the performance of the economy.

The Minority said it wants the right thing to be done hence its call on Mahama to “take immediate corrective measures and call on the Speaker to cause Parliament to be recalled to approve” the deal.

“We demand further, that this exercise be undertaken not later than, by the end of this month, September, 2015.”

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