We’re on the right track & the IMF is aware-Finance Minister

The International Monetary Fund (IMF) knows that Ghana is completely in the right direction with regard to the internal measures and policies introduced to deal with the fundamental issues affecting the economy, Finance Minister Ken Ofori-Atta.

At a press briefing on Thursday, May 12, 2022, he said the government have in place measures, including salary cuts and others, and also programmes to deal with the fundamental issues affecting the economy.

He said while answering the question that “All the white folks are just interested in us coming in the IMF programme. I always wonder why.”

“We are members of the fund; there are two major points of interventions that we have from the fund. One being the advise that we get because of the phenomenal expertise that the fund has and then secondly, these programme interventions which bring us some resources.

“I think, if you see from the budget that we constructed for 2022 and the subsequent announcement that we have done, clearly, the issue of Ghana having the capacity to think through the consolidation exercise exists. Also discipline itself with regards to the 20 per cent, etc, that we have shown clearly.”

He further indicated that “We have committed to not going back to the fund because, in terms of the interventions and policy we are right there, the fund knows that we are completely in the right direction. The issue is, validating the programmes that we have put in place and then, in my view, supporting us to find alternative ways of financing or re-financing our debt, reprofiling it.”

By: Rainbowradioonline.com/Ghana

You might also like

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

%d bloggers like this: