EPA, IMF Can’t Rescue Ghana
Reverend Enoch Immanuel Agbozo speaking to the congregation
Reverend Enoch Immanuel Agbozo, leader of the Ghana Evangelical Society (GES) says the Economic Partnership Agreement (EPA) and International Monitory Fund (IMF) offers are not the answers to the economic crisis that has bedevilled the country.
According to him, ‘The country is going through the current economic crisis due to bad leadership and corrupt practices of some government officials.’
Rev Immanuel Agbozo was speaking at a special church service at GES in Accra, where he said the EPA and IMF offers ‘can’t eliminate the canker and filth of corruption and bankruptcy, leadership in the country.’
He said that the current government’s borrowing, domestic and foreign budget deficit, expenditure pattern and donor financial regime were the prime cause of the economic crisis, prompting EPA and IMF offers of assistance et al.
Rev Immanuel Agbozo said, ‘The EPA arrangement can be likened to selling the hen of national resources base and the golden eggs of industrial, agricultural, economic development, employment, and wealth creation possibilities for a mere pittance of economic challenges caused by apparent careless, non-judicious and indiscriminate borrowing combined with unscrupulous free flow expenditures in the public sector.’
He said the apparent free for all approach to loans and expenditure in government and public accounts in general have given way to unprecedented rise to corruption, embezzlement, malfeasance and theft.
Rev Immanuel Agbozo said there could be no debate that corruption, malfeasance, robbery and theft in government and the public service have much to do with bankruptcy and distress, the suffering and woes of the people and nation.
He said, ‘The country is in a critical moment, we need to seek God’s intervention to save the situation. IMF and EPA can’t help us.’
Rev Immanuel Agbozo said some men of God were also indulging in corrupt practices which do not speak well of the Christian religion, and added that there was the need to stamp out corruption in government and churches in order to save the country.
Rev Immanuel Agbozo called on pastors and all Christians to rise together as one people with faith to pray and work to rescue the nation from the current state of national distress.
By Cephas Larbi
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