The Ministry of Finance has denied claims that
the negotiations with the International Monetary Fund are not going well because the government.presrnted wrong figures.
The Ministry in a statement denied that the government of Ghana does not have a programme for consideration by the IMF.
“None but accurate figures have been presented to the IMF; and the Ministry has been fully transparent at all times. The Ghanaian negotiation team remains credible and highly respected, and has enjoyed great cooperation from the IMF. To suggest otherwise is false, misleading and pure mischief which must be ignored”, the statement said.
The government revealed it had submitted its Post-COVID Programme for Economic Growth to the Fund, which the programme has formed the basis of negotiations.
“We refer the public to the IMF’s Press Statement dated 20th October, 2022: The Ghanaian delegation and IMF staff had very fruitful discussions on the authorities’ post-COVID program for economic growth and associated policies and reforms that could be supported by a new IMF arrangement”.
“The allegation that the negotiations are not going well is categorically untrue. The IMF itself has on numerous occasions stated unequivocally that negotiations are progressing well, and affirmed that both parties are fully committed to reaching a deal as soon as feasible. We quote the Fund below”.
IMF Press Release Issued 7th October, 2022
“We had constructive discussions on policies aimed at restoring macroeconomic stability … Staff express their gratitude to the authorities, and other stakeholders in Ghana for their constructive engagement and support during this mission”.
IMF Press Release Issued 20th October, 2022
Furthermore, it said the Ghanaian delegation and IMF staff had very fruitful discussions on the authorities’ post-COVID program for economic growth and associated policies and reforms that could be supported by a new IMF arrangement.
“We made good progress in identifying specific policies that would restore macroeconomic stability. … The IMF team and the Ghanaian authorities remain fully committed to reaching agreement on a framework and policies for an IMF-supported program as soon as feasible”, it added.
By: Rainbowradioonline.com/Ghana
