September 28, 2022

Finance Ministry Unfolds Economic Programme Basis For IMF Support

The Ministry of Finance has given a glimpse of the post-COVID-19 Economic Programme which forms the basis for the government’s negotiation with the International Monetary Fund (IMF).

The Ministry says it is finalising the programme as a domestic blueprint for the IMF.

According to the Minister for Finance, Ken Ofori Atta it is hinged on seven pillars.

“The programme is hinged on seven pillars namely debt sustainability; fiscal consolidation; strengthening monetary and exchange rate policies; building strong financial institutions; Macro critical structural reforms; Maintaining peace and security; and economic growth and transformation”, he outlined during a press conference.

He noted that the document has already benefited from input from key stakeholders including Civil Society, social partners, labourers, employers, academia, leadership professionals and the leadership of Parliament.

He however added that additional stakeholder engagements will be held to solicit further inputs for the programme.

“Our economic programme contains a set of target time bar structural reform and fiscal consolidation measures to place our debt levels and fiscal accounts on a sustainable path over the medium term”, he added.

Source: Fuseini

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