Finance Minister, Mr. Ken Ofori Atta has revealed that additional stakeholder engagements will be held to solicit further input for the International Monetary Fund bailout program.
According to him, the economic program contains a set of time-bound structural reforms and fiscal consolidation measures to place debt levels and fiscal accounts on a sustainable path over the medium-term.
Addressing the media at Accra on the state of the Economy, Mr. Ofori Atta said the program is hinged on seven (7) pillars, namely: Building Strong Financial Institutions; Maintaining Peace and Security; Fiscal Consolidation; Macro-Critical, Debt Sustainability; Strengthening Monetary and Exchange Rate Policies, Economic Growth and Transformation.
He said the formal negotiations for a Fund-supported program began on Monday, September 26th, 2022, and discussions are advancing smoothly.
The IMF Mission will cover 10 days, and in ensure that key aspects of the program are reflected in 2023 line with H.E. the President’s dialogue with the IMF Managing Director, Kristalina Georgieva, negotiations will be fast-tracked to Annual Budget Statement in November 2022.
Government is to restore and sustain macroeconomic stability, ensuring durable and inclusive growth and promoting social committed to ensuring that a comprehensive package is negotiated protection.
Source: Mybrytfmonline/Kofi Atakora
