The implementation of the E-levy sparked a great deal of public debate, as many argued that the E-levy was a method of taxing taxpayers’ savings. Numerous Ghanaians, including the NDC, urged the government to be modest and apply for the IMF program, but the Finance Minister stated unequivocally that he believed in domestic initiatives rather than the IMF.
During the contentious E-levy debate, the member of parliament for Assin Central also made outrageous statements that any administration that goes to the IMF has failed.
On 1 July 2022, the Minister of Information disclosed that the President of Ghana has finally contemplated an intervention by the IMF. This statement has infuriated a substantial number of Ghanaians, many of whom have questioned why the government adopted the E-levy while they were aware of the potential of approaching the IMF.
Kennedy Agyapong recently broke his silence about the IMF bailout. He was furious with his colleagues for suggesting that the NPP cannot break the eight-year mark since the IMF remains a terrible alternative for economic recovery.