We’ll Be Disciplined With IMF Deal – Nana Addo2 min read
President Nana Akufo-Addo
President Akufo-Addo has assured that the country’s deal with the International Monetary Fund (IMF) will be implemented with discipline, intimating that measures will be taken to increase domestic savings, control public expenditure, and boost private-sector investment.
For him, the $3 billion funding package will lay the groundwork for Ghana’s economy to be repositioned, allowing the government to better control inflation and interest rates.
Speaking in an interview at the Qatar Economic Forum in Doha yesterday, President Akufo-Addo stated that his government would work quickly to bring the fiscal deficit, which is mandated by law to be at 5%, to a reasonable level, conceding that it was already far beyond the mark.
“Rationalisation of our expenditure, rationalisation of government expenditure is something that we have given assurance. Domestic revenue mobilisation is absolutely critical for us and already we are seeing signs,” he added.
He stated that Ghana has prepared itself to re-enter the international market, which had been a source of funding for the country during the first three or four years of the government, but added that the government was not in a hurry to do so.
“There is no rush, but obviously why not take advantage of global savings. It makes a lot of sense to me. We will try as much as possible to maintain the discipline which is required and the most important requisite for a successful programme,” the President stressed.
He noted that prior to the COVID outbreak, the Ghanaian economy had achieved microeconomic stability and was experiencing significant growth.
According to him, the COVID-19 pandemic, followed by the Russia-Ukraine disaster, had a significant impact on Ghana’s economy.
“Suddenly, we were facing major challenges on our balance of payment; our currency was in steep decline, interest rates went out of the window, inflation… and that is what forced us to seek the assistance of the Fund,” he intimated.
He was optimistic that the IMF deal would help the country to regain the macroeconomic stability, interest rate, inflation and “finally to position us to be able to go back to the international capital market.”
President Akufo-Addo stated that the country, as the world’s second-largest cocoa producer, wants to begin producing its own chocolate in order to raise revenue from the business, but the process has proven “daunting.”
According to him, the government is confident in achieving new European Union requirements for cocoa exports and is working to expand into new markets for cocoa in Asia and other regions.
By Ernest Kofi Adu
kamagra 100mg prix: kamagra pas cher – acheter kamagra site fiable
pharmacie en ligne pas cher [url=https://pharmafst.com/#]Medicaments en ligne livres en 24h[/url] acheter mГ©dicament en ligne sans ordonnance pharmafst.shop
kamagra livraison 24h: kamagra livraison 24h – achat kamagra
pharmacie en ligne fiable [url=https://pharmafst.shop/#]pharmacie en ligne sans ordonnance[/url] pharmacie en ligne france livraison internationale pharmafst.shop
kamagra livraison 24h: kamagra pas cher – kamagra gel
https://kamagraprix.com/# kamagra 100mg prix
pharmacie en ligne [url=https://pharmafst.com/#]pharmacie en ligne sans ordonnance[/url] pharmacie en ligne fiable pharmafst.shop
cialis sans ordonnance: Cialis sans ordonnance 24h – Cialis sans ordonnance 24h tadalmed.shop
acheter mГ©dicament en ligne sans ordonnance: pharmacie en ligne sans ordonnance – pharmacie en ligne pharmafst.com
Tadalafil 20 mg prix en pharmacie [url=http://tadalmed.com/#]Acheter Cialis[/url] Cialis sans ordonnance 24h tadalmed.com
kamagra pas cher: kamagra 100mg prix – Kamagra Oral Jelly pas cher
https://kamagraprix.shop/# Achetez vos kamagra medicaments
cialis generique: Tadalafil 20 mg prix sans ordonnance – Tadalafil achat en ligne tadalmed.shop
Tadalafil 20 mg prix sans ordonnance: cialis generique – cialis prix tadalmed.shop
Pharmacie sans ordonnance [url=https://pharmafst.shop/#]Pharmacie en ligne France[/url] pharmacie en ligne pas cher pharmafst.shop
kamagra pas cher: kamagra livraison 24h – Acheter Kamagra site fiable
cialis generique: Tadalafil 20 mg prix en pharmacie – Acheter Cialis tadalmed.shop
kamagra livraison 24h: achat kamagra – kamagra en ligne
pharmacie en ligne avec ordonnance [url=https://pharmafst.com/#]Medicaments en ligne livres en 24h[/url] pharmacie en ligne france livraison internationale pharmafst.shop
pharmacie en ligne fiable: pharmacie en ligne livraison europe – vente de mГ©dicament en ligne pharmafst.com
Kamagra pharmacie en ligne: kamagra 100mg prix – kamagra 100mg prix
http://kamagraprix.com/# Kamagra pharmacie en ligne
п»їpharmacie en ligne france: pharmacie en ligne – pharmacie en ligne pas cher pharmafst.com
Kamagra pharmacie en ligne [url=http://kamagraprix.com/#]Kamagra pharmacie en ligne[/url] kamagra 100mg prix
achat kamagra: achat kamagra – kamagra oral jelly
https://kamagraprix.com/# Acheter Kamagra site fiable
Cialis generique prix: Acheter Cialis – Cialis en ligne tadalmed.shop
cialis generique: Cialis sans ordonnance pas cher – Cialis en ligne tadalmed.shop
Tadalafil 20 mg prix en pharmacie: cialis generique – Tadalafil sans ordonnance en ligne tadalmed.shop
cialis generique [url=https://tadalmed.com/#]Cialis en ligne[/url] Acheter Viagra Cialis sans ordonnance tadalmed.com
kamagra 100mg prix: achat kamagra – acheter kamagra site fiable
Kamagra pharmacie en ligne: kamagra gel – acheter kamagra site fiable
https://kamagraprix.shop/# kamagra 100mg prix
pharmacies en ligne certifiГ©es: pharmacie en ligne pas cher – vente de mГ©dicament en ligne pharmafst.com
https://pharmafst.com/# trouver un mГ©dicament en pharmacie
Tadalafil sans ordonnance en ligne: Tadalafil achat en ligne – Cialis en ligne tadalmed.shop
Kamagra Oral Jelly pas cher: Kamagra pharmacie en ligne – kamagra en ligne
pharmacie en ligne fiable: Meilleure pharmacie en ligne – pharmacie en ligne fiable pharmafst.com
cialis sans ordonnance: Pharmacie en ligne Cialis sans ordonnance – Cialis sans ordonnance pas cher tadalmed.shop
Cialis generique prix: cialis sans ordonnance – Tadalafil achat en ligne tadalmed.shop
cialis sans ordonnance [url=http://tadalmed.com/#]Acheter Cialis 20 mg pas cher[/url] cialis prix tadalmed.com
https://kamagraprix.com/# kamagra oral jelly
pharmacie en ligne pas cher: Livraison rapide – pharmacie en ligne france livraison belgique pharmafst.com
п»їpharmacie en ligne france: Meilleure pharmacie en ligne – pharmacie en ligne sans ordonnance pharmafst.com
https://tadalmed.com/# Cialis sans ordonnance 24h
Kamagra Commander maintenant: Kamagra Oral Jelly pas cher – kamagra en ligne
Acheter Cialis [url=http://tadalmed.com/#]Pharmacie en ligne Cialis sans ordonnance[/url] Tadalafil achat en ligne tadalmed.com
Medicine From India: medicine courier from India to USA – Medicine From India
MedicineFromIndia: reputable indian online pharmacy – indian pharmacy online
safe canadian pharmacies [url=https://expressrxcanada.com/#]Express Rx Canada[/url] reliable canadian pharmacy reviews
mexican online pharmacy: mexico pharmacy order online – mexico drug stores pharmacies
canadian family pharmacy: Express Rx Canada – legal canadian pharmacy online
canadian pharmacy meds reviews [url=https://expressrxcanada.com/#]Canadian pharmacy shipping to USA[/url] canada drugs online review
canada pharmacy world: ExpressRxCanada – global pharmacy canada
canadian drugs: Canadian pharmacy shipping to USA – canadian pharmacy oxycodone
canadian pharmacy cheap: Generic drugs from Canada – canadian pharmacy
mexican online pharmacy: Rx Express Mexico – RxExpressMexico
https://expressrxcanada.shop/# legal canadian pharmacy online
mexican rx online: mexican rx online – mexico pharmacy order online
indian pharmacy online [url=http://medicinefromindia.com/#]indian pharmacy online[/url] Medicine From India
mexico pharmacy order online: mexico pharmacies prescription drugs – Rx Express Mexico
safe reliable canadian pharmacy: Express Rx Canada – canadadrugpharmacy com
mexican rx online: Rx Express Mexico – mexican rx online
Rx Express Mexico: RxExpressMexico – medication from mexico pharmacy
real canadian pharmacy [url=http://expressrxcanada.com/#]ExpressRxCanada[/url] precription drugs from canada
http://medicinefromindia.com/# Medicine From India
mexican rx online: mexico drug stores pharmacies – mexican rx online
canadian pharmacy ltd: Express Rx Canada – maple leaf pharmacy in canada