ADVERTISEMENT
Ghana commits to IMF Program for election year prudence
The Finance minister emphasized government’s resolve not to quit its arrangement with the IMF, neither will it compromise all targets set with the IMF under the three-year bailout program.
Finance Minister, Seth Terkper
"We remain optimistic about this three-year programme and will ensure that all programme reviews are successfully completed through to 2017, given the enormous benefits to the economy," Seth Terkper told reporters in Accra.
Ghana signed a three-year bailout program with the IMF to return the country to economic stability through prudent spending and revenue generation.
ADVERTISEMENT
This was after the country’s expenditure hit the roof, with an alarmingly ballooned wage bill and infrastructure on social interventions and subsidies.
Under the deal, Ghana is expected to receive up to US$940 million from the Fund as balance of payments support. It has so far received US$228 million in two tranches.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
May God open your eyes to see the good in this government - Akufo-Addo prays
Police officer dies after colliding with stationary truck while chasing traffic offender
AG's office chases Alex Mould, Gavivina for GHS5 million bail bond for jailed MASLOC CEO
St Patrick Hospital suspends Muslim staff for taking break to observe Eid festivities
GPRTU proposes 30% increase in transportation fares
It's regrettable Ghanaian journalists no longer talk about galamsey — Sir Sam Jonah
Police arrest 1 person in connection with Odumasi-Badu Road robbery in Bono Region
Asantehene urges government to involve private sector in GRIDCo, ECG, VRA and others