The Minister of Finance, Ken Ofori-Atta, believes that the International Monetary Fund bailout will not put an end to Ghana’s economic woes.
In an address to Ghanaians, the Minister stated that the bailout will act as a forerunner to the implementation of a programme that will bring about the necessary economic reforms.
“We have an ambitious agenda reform. Let me state clearly that securing an IMF programme is not an end to our current challenges though it has significantly paved the way for the implementation of an ambitious and well-thought-out programme of reform for our economy and country.”
He said “In fact, the real work of adjustment, realignment, and the path to steady economic growth has just begun. Let us brace ourselves for the needed reform, especially in expenditure control, non-arrears accumulation, revenue growth, ECG revenue collection, and energy sector reforms in order to rebuild the walls of the republic with urgency.”
“That said, our reform programme, the Post Covid-19 for Economic Growth, now supported by a three-year extended credit facility with the IMF is built on clear targets and strong policy and structural measures. Over the medium term, the economic growth-backed IMF programme seeks to promote a credible fiscal consolidation programme anchored by strong domestic revenue mobilisation and high spending efficiency,” the Finance Minister added.
By: Rainbowradiooline.com/Ghana
