MP: Ghanaians suffering the negative impact of bailout

Ghanaians have started feeling the negative effects of the International Monitory Fund (IMF) bailout government opted for recently, says Osei Bonsu Amoah, Akuapem South MP.

He said the scraping of allowances for teacher trainees as well as cost sharing in the tertiary institutions are clear examples.

Mr. O. B. Amoah says other conditionalities of the IMF are the removal of all tariffs and subsidies on electricity and petroleum products, adding that the NDC government has started implementing these policies.

The New Patriotic Party (NPP) Member of Parliament for Akuapem South said the government is being forced to implement these harsh policies due to the recent bailout it sought from the IMF.

Government says students in public tertiary institutions will now have to pay their own utility bills as one of the ‘innovative, alternative means' to tackle increasing utility debts in public universities.

Allowances for students at the teacher trainee institutions have also been scrapped.

Mr. O. B. Amoah explained that every sector of the economy is saddled with debt because the Mahama-led government has not managed things well.

He said the scraping of allowances for teacher trainees and the introduction of cost sharing in various tertiary institutions will bring hardships onto overburdened parents and guardians, and urged the government to halt the implementation of these policies because, "it’s just like pouring water into a basket”