Fear Those Who Sold Our Sovereignty To The IMF – NPP Deputy Communications Writes

The Deputy Communication Director of the New Patriotic Party (NPP), Nana Yaw Preko, has backed the decision of the Ghana Cocoa Board (COCOBOD) that it will not reduce the producer price of cocoa as authorized by the International Monetary Fund (IMF).

According to him, IMF can only advise Ghanaians on the economic issues but cannot compel them to do their bidding because Ghana is no longer under their dictate (IMF).”

In a statement copied to Peacefmonline.com, he reiterated that any attempt to heed the call of IMF would mark the beginning of the collapse of Ghana's cocoa industry.

“IMF proposal makes sense economically but the decision does not have to base on only the economic impact;  we have to weigh both the social and the environmental impact that it may bring on the farmers,” he said in a statement. 

Read the full statement below-

The IMF is advising Ghana govt to reduce the prices at which we buy cocoa beans from farmers. Govt says this is the time to also support and encourage Cocoa Farmers for their contributions to Ghana all the years. 

The difference is that because we are no longer under the IMF program, they can only advice us. They can't compel us. 

If we were still under the IMF program, we wouldn't have been able to say no to them.

The IMF proposal makes sense economically but the decision does not have to base on only the economic impact but we have to weigh both the social and the environmental impact that may bring on the farmers.

Be very afraid of those who sold our sovereignty to the IMF.

Nana Yaw Preko

Deputy Communications Director, NPP