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The IMF also welcomed the fiscal adjustments envisaged in the 2021 budget, while stressing that fiscal consolidation was needed to address debt sustainability and rollover risks.

The survey report released by CDD-Ghana shows, out of the total sample size, only 9 percent of Ghanaians are confident that the government will use revenue from the E-levy to fund development. This means, about 91% Ghanaians have no confident in the government when it comes to judicious utilisation of tax monies.

A multilateral institution, the World Bank, has urged the government to restore fiscal sustainability going forward in order to facilitate debt reduction to a sustainable level.

This is additional unplanned expenditure to government which is expected to heavily increase public sector wage bill, thereby widening the fiscal deficit.

The figure means that the Month-on-month inflation between May 2022 and June  2022 stood at 3.0 percent.

The Monetary Policy Committee, (MPC) will from this week begin to review the health of the economy and also announce a new policy rate for the next couple of months. But there strong indication that the BoG would hike the policy rate further in attempt to anchor inflation.

His lawyers insist that the Supreme Court lacks jurisdiction to entertain the originating writ seeking to invalidate the Assin North 2020 Parliamentary elections.

In all, about two hundred and forty (240) cattle has been slaughtered and the beef distributed to needy Muslims across the country, during Eid-ul-Adha, festival of sacrifice feast.

TUC in a statement signed by its Secretary General, Dr Yaw Baah kicking against the IMF bailout said IMF programmes have only imposed unnecessary hardships on Ghanaians with practically nothing to show for them.

As government has initiated discussion with the International Monetary Fund (IMF), many Ghanaians and policy analyst expect tough economic policy changes, especially with cutting down on expenditure and possible cancellation of many social intervention programs as well as how to increase domestic revenue generation.