Skip to main content

IMF starts assessing gov't programme

The board of the International Monetary Fund (IMF) is expected to start scrutinising proposals made by government for financial consolidation.

The IMF staff mission to Ghana has finished analysing data presented by government, especially data on the country's debt portfolios and would be submitting their report to the highest decision-making body of the institution.

Speaking on Business Trends on Joy FM, Deputy Minister of Finance, Mona Quartey, said actual work on Ghana's bailout programme would begin during IMF meetings in Washington DC.

"In those meetings they [IMF] really discuss the ratios, the deficits on the expenditure and revenue side [of Ghana's economy]", she said.

She assured that government would push for social intervention programmes to form part of the deal with the Washington-based lender.

According to her, IMF is also keen on ensuring such social interventions are in place to ease the burden that a possible programme would bring to citizens.

Meanwhile, senior economics lecturer at the University of Ghana Dr. Eric Osei Assibey has advised government to focus more on exports to help sustain the cedi's appreciation against major trading currencies.


Credit: myjoyonline.com

Comments

Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

Meet Ghanaian female shoemaker

The Saint Ozwald shoe brand

By: Fred Yaw SARPONG
The Daily Express

From her humble beginning in Sunyani in the Brong Ahafo region, a senior high female graduate from the Twene Amanfo Senior high in the Brong Ahafo Sunyani and a Ghanaian now boasts of being one of the most popular Made-in-Ghana shoe brands and has the most number of celebrity endorsements.
Sandra Ozwald, CEO of Saint Ozwald

After Sandrah Ozwald completed school in 2013, her parent couldn't have enough money to help her continue school so she planned to do something for herself by selling ice cream, groundnut cakes or food. Back at the senior high, Sandra used to make groundnut cakes, condensed toffees and ice cream to support herself since her mother couldn't provide all for her.

With 12 siblings and the only girl child (2nd born) among them, and whiles planning which of these to sell, Sandra attended a friend’s wedding and the grooms shoe looked so attractive to her.

According to her, the groom’s shoes were Ma…