Reports have emerged that a number of ministers in President William Ruto’s administration are contemplating resignations, citing dissatisfaction with the country’s economic downturn.
Reports suggest that some ministers have gone as far as submitting resignation letters to President Ruto, but these letters have been met with rejection.
One notable incident involved Finance Minister Professor Njuguna Ndung’u, who reportedly tendered his resignation towards the end of the previous year, only to have it turned down by the President.
By the end of last year, Minister [Ndung’u] submitted a resignation letter. It is reported that he is dismayed by the direction the country has taken and does not want to take the blame,” the sources told Taifa Leo.
It is also reported that Some ministers claim they are not adequately involved in crucial economic policy discussions, leading to concerns that they might be unfairly blamed for policies or actions in which they had no role.
The economic woes facing the nation have intensified over the past year, with President Ruto’s government facing criticism for its continuous imposition of taxes, particularly impacting the formally employed workforce.
Notable among these taxes are housing levies, an increase in deductions from the National Social Security Fund (NSSF), and a 2.75 percent deduction from the National Health Insurance Fund (NHIF).
Economic analysts argue that many of the government’s actions can be attributed to conditions imposed by the International Monetary Fund (IMF).
Over the past year, Kenya has received a substantial financial injection of Ksh 704 billion from the IMF. This includes an additional loan of Ksh 150 billion granted on Wednesday, January 17, 2024.