From the looks of things, the E-levy strategy couldn’t alleviate Ghana’s difficulties as Akufo-Addo urged Ken Ofori-Atta to approach the IMF for economic help.
A statement released by Information Minister Kojo Oppong Nkrumah on July 1, 2022 suggested that IMF leader Kristalina Georgieva and President Akufo-Addo had discussed engaging the Fund.
“President Nana Addo-Dankwa Akufo-Addo has authorized Finance Minister Ken Ofori-Atta to invite the IMF to help Ghana’s economic plans.”
Cabinet backed government’s intention to pursue a Fund economic program on June 30, 2022.
The IMF involvement would endeavour to offer a balance of payment assistance as part of a larger effort to speed Ghana’s recovery from the COVID-19 epidemic and the Russian-Ukraine conflict.