Finance Minister Ken Ofori-Atta has announced that the government will expedite negotiations with the International Monetary Fund (IMF) to ensure that key aspects of the program are reflected in the 2023 budget statement.
Addressing a press conference on Wednesday, September 28, 2022, the Minister said “In line with the President’s dialogue with the IMF Managing Director, Kristalina Georgieva, negotiations will be fast-tracked to ensure that key aspects of the programme are reflected in the 2023 Annual Budget Statement in November 2022.”
The minister added that the government is committed to ensuring that a comprehensive package is negotiated with the International Monetary Fund with the aim of restoring and sustaining macroeconomic stability, ensuring durable and inclusive growth, and promoting social protection.”
“In addition, the IMF and Government Team are working to update the medium-term macro-fiscal framework to inform IMF programme design.”
He claims that no agreement has been reached with the fund on the parameters of debt operations because the government is still working on the debt sustainability analysis.
He stated that the negotiations will be completed in order to protect the financial sector, and that there must be room for a win-win conversation through extensive stakeholder engagement with both domestic and foreign investors.
“I am extremely confident about where we will land on this journey. We have survived a 142 percent inflation, yellow-corn hysteria, mass exodus from our country, and more recently a successful exit from the 2015 Extended Credit Facility. So let us go for the spirit of courage for the LORD is with this Nation. Let us not fear, for He who is with us is greater than all.”
By: Rainbowradioonline.com/Ghana
