IMF report: NPP’s economic policies failed in 2002

According to the Report, the 2002 Programme was undermined by weaknesses in expenditure control, non-implementation of the major revenue measure, that is, the 2.5 per cent VAT increase, (insertion supplied by the Ghana Palaver but not in text of the Report, making true the IMF/NPP government secret deal not to mention VAT increase in official documentation), delays in the divestiture plan, and a failure to adjust petroleum prices.

Source: GhanaWeb

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