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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

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