Richard Ahiagbah, the New Patriotic Party’s (NPP) director of communications, has urged Ghanaians to support the government’s efforts to revive the economy.
He asserts that the government is rebuilding the economy to make it stronger and better.
His remark came in response to news that Ghana’s $3.5 billion bailout is likely to be approved by the International Monetary Fund (IMF) on Wednesday, May 17.
Mr. Ahiagbah indicated that “It is all clear, and the IMF is likely to approve Ghana’s extended credit facility (ECF) application as soon as this month. But please note that the conditions requiring this ECF application were brought on almost exclusively by the twin factors of COVID-19 and the war in Ukraine, unlike the 2015 ECF application, which was 95% a function of internal mismanagement of the economy. Ghana is building back stronger and better! Support NPP to deliver for Ghana.”
This comes after Dr. Mohammed Amin Adam Anta, the Minister of State for Finance, told Reuters in an interview that the first tranche of $600 million will be paid out as soon as the IMF Executive Board granted Ghana’s request for an ECF.
He stated that a second payment in the same amount will be made before the end of the year, and the remaining $360 million will be distributed in equal installments following semi-annual evaluations.
Source: Mybrytfmonline.com/Joseph Asare
