Ken Ofori-Atta the Finance Minister Ghana
Ken Ofori-Atta, the Finance Minister Ghana has disclosed that the government is committed to ending its agreement with the IMF in April 2018.
According to him this has made it necessary for the government of Ghana to consider alternatives in addressing deficits and maintain a sound economy for businesses to flourish.
Mr. Ken Ofori-Atta did sharp contrast to some suggestions that the gov’t of Ghana will reconsider an extension of the extended credit facility program after the initial April 2018 deadline.
Finance Minister made the remarks during a press briefing as part of an IMF mission to Ghana for the fund’s Article IV consultations with Ghana.
He stated, we are still expecting to end in April there will be very tough decisions with regards to where we want to go with our deficit in the coming budget and how we build up the stock of private sector savings or infusion of investments from outside and be able to project that.
Yaw Osafo Maafo the Senior Minister had pointed out that the NPP government will review the deal with the IMF.
Monitoring and Evaluation Minister, Dr. Anthony Akoto Osei also has indicated that the government of Ghana may consider an extension of the agreement to the end of 2018.
Recently IMF told the Ghanaian Media, though it is yet to receive any official request for an extension, it will consider the request should the government come up with it.
The Chief of the IMF Mission on the Article IV consultations, Analisa Fedelino meanwhile said, It is quite normal for an extension…the road to economic reform is bumpy and there is also a political change so certainly affects the program.
In 2015 Ghana reached its 3 year agreement for 918 million dollars to among others restore macroeconomic stability.
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