IMF Bailout Mahama Calls For Fiscal Discipline

President John Mahama says the IMF's credit facility can only be beneficial if a high level of Fiscal discipline is maintained.

  • Published:
play President John Mahama
24/7 Live - Subscribe to the Pulse Newsletter!

President John Dramani Mahama, says the International Monetary Fund, IMF's three year extended credit facility for Ghana, can only be beneficial if a high level of Fiscal discipline is maintained.

The IMF two days ago approved a three-year credit facility of about nine hundred million dollars for the country.

President Mahama stated this when he joined the Muslim community in Kumasi in a night vigil to mark the Birthday of the Holy Prophet Mohammed known as Maulid.

He appealed to communities to take it easy on government with their demands so as not to throw the budget out of gear.

The approval of the three year program by the IMF is to restore debt sustainability and prevent unnecessary social spending. The facility will also ensure macroeconomic stability and facilitate job creation.

According to President Mahama, the success of the facility will depend on hard work and living within certain limits. He craved the indulgence of all citizens to make the program live its full potential to enable the country reap the required benefits

President Mahama, also used the occasion to speak on Peace. He commended Nigeria for the peaceful manner in which their elections were held. He said Peace is a valuable asset and Ghana's own peaceful environment should be treasured.

The President stated that it is about time Ethnicity and Religion are put into perspective spelling out the fact that the two are a recipe for disaster.

The Hajj Committee led by Ibrahim Abdul Rauf Tanko, was highly commended by President Mahama, for a successful Hajj last year.

He said government will ensure that the Hajj fare is not increased this year to enable many more Muslims to fulfill their obligatory religious duty.

Recommended Articles

Recommended Videos





Top Articles

1 Video Metro Mass bus catches fire on Cape Coast-Kasoa highwaybullet
2 Nkonya Terminator "I am not afraid of death" - Kwabena Adjeibullet
3 Dr Mahamudu Bawumia Veep pays surprise visit to Passport Officebullet
4 No Jobs Over 1m Ghanaians are unemployed - Surveybullet
5 Kintampo Waterfalls Accident Ambulance conveying Kintampo...bullet
6 Security Ghana Armed Forces resumes 2017 recruitment exercisebullet
7 International Relations France to relocate Embassy in Ghanabullet
8 Akrasi Sarpong High court convicts former NACOB boss for...bullet
9 Grabbed NDC MP aspirant busted for fraudbullet
10 Foreign Affairs Ministry does not have money – Ayorkor...bullet

Top Videos

1 Video Metro Mass bus catches fire on Cape Coast-Kasoa highwaybullet
2 Prophecy I predicted Kintampo accident - Prophetbullet
3 Ghana@60 Agya Koo embarrassed Ghana at Independence Day - Asiedu Nketiabullet
4 Obinim What happen'd when we fact checked Obinim's Bible knowledgebullet
5 Meet "The Beast" President Obama's Cadillac that's more tank...bullet
6 Health Alert Fufu is killing Africans - Mensah Otabilbullet
7 Video Taxi driver terrified after an encounter with a ghostbullet
8 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
9 In Zimbabwe President Mugabe’s 70 year-old aide marries...bullet
10 Video Police officer attacked at Flagstaff Housebullet

News