Ghana’s newly appointed Finance Minister, Cassiel Ato Forson, has outlined plans to secure additional financial support from the International Monetary Fund (IMF) to address the nation’s economic challenges.
In an interview with Reuters on Thursday, January 9, ahead of meetings with an IMF delegation in Accra, Forson emphasized the government’s dedication to collaborating with the IMF while exploring other funding options. “Our priority is to work closely with the IMF and tap into both domestic and international partnerships to secure additional financing,” he stated.
Forson also criticized the country’s over reliance on Treasury bills, describing it as unsustainable, and stressed the importance of diversifying financing strategies.
The announcement comes shortly after President John Dramani Mahama, inaugurated earlier this week, appointed Forson to lead the finance ministry. Faced with an economy struggling under the weight of a historic debt crisis, Mahama’s administration has pledged decisive measures to restore economic stability.
A seasoned chartered accountant with expertise in taxation and finance, the 46-year-old Forson revealed plans to reduce public expenditure to tackle inflation and reintroduce domestic bond issuance by mid-year. “There is significant waste in the system, and we intend to eliminate it,” he affirmed.
Source:Mybrytfmonline.com/Gumedzo Isaac Acheampong
