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IMF DEAL WON’T REDUCE THE PRICE OF KENKEY – Kwesi Pratt Jnr

Astute Journalist and Managing Editor of the Insight Newspaper, Kwesi Pratt Jnr has asserted that the $3 Billion deal Ghana has sought from the International Monetary Fund (IMF) will not be beneficial to Ghanaians.

In his remarks, he argued that the agreement was crafted in a way that primarily favored European financial institutions rather than addressing the issue of high food prices in the Ghanaian market.

“Is this IMF deal, intended to reduce the price of kenkey or stabilize the price of kenkey? No. This IMF deal is intended to create more employment for our people. What does this IMF deal intend to do in terms of the things we complain about? Kwesi Pratt quizzed on Metro TV’s Good Morning Ghana.

Additionally, he pointed out that the agreement, which has imposed a freeze on public sector employment, fails to generate job opportunities for the Ghanaian population, particularly the youth.

“The prime focus is that we should pay our loans to Western financial institutions and that is why they’ve imposed all these draconian measures on us to worsen the plight of the Ghanaian people”, he added.

During the show, Mr. Kwesi Pratt offered a piece of advice, urging Ghanaians to refrain from relying on the IMF’s top management as they do not have the country’s best interests at heart.

“You come to tell us that by 2027 Ghana will be a paradise, you think we are children? I stopped listening to these people a long time ago” he said.

 

 

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