Ghana- IMF Bailout Ghana commits to IMF Program for election year prudence

The Finance minister emphasized government’s  resolve not to quit its arrangement with the IMF, neither will it compromise all targets set with the IMF under the three-year bailout program.

  • Published:
Finance Minister, Seth Terkper play

Finance Minister, Seth Terkper

24/7 Live - Subscribe to the Pulse Newsletter!

Minister of Finance, Seth Terkper has assured Ghanaians that it will not derail expenditure and budget deficit targets, the election year notwithstanding.

The Finance minister emphasized government’s  resolve not to quit its arrangement with the IMF, neither will it compromise all targets set with the IMF under the three-year bailout program.

"We remain optimistic about this three-year programme and will ensure that all programme reviews are successfully completed through to 2017, given the enormous benefits to the economy," Seth Terkper told reporters in Accra.

Ghana signed a three-year bailout program with the IMF to return the country to economic stability through prudent spending and revenue generation.

READ MORE: Economic Management: Seth Terkper rejects suggestion he is the bane of the economy

This was after the country’s expenditure hit the roof, with an alarmingly ballooned wage bill and infrastructure on social interventions and subsidies.

Under the deal,  Ghana is expected to receive up to US$940 million from the Fund as balance of payments support. It has so far received US$228 million in two tranches.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos





Top Articles

1 Job Application How to write a CV that gets interview callsbullet
2 Bank of Ghana Here are the banks with the best deposit rates in Ghanabullet
3 Budget Review 2018 budget is 'Ahokyere, 419, wahala and propaganda'...bullet
4 Budget 2018 No taxes on mobile money transactions – Gov’tbullet
5 Boakye Agyarko Stop parroting and read, Minister blasts energy...bullet
6 Twellium Industry Limited Run Energy Drink to treat Ghanaians...bullet
7 2018 Budget Here is how much government has allocated for...bullet
8 2018 Budget Dumsor is dead - Finance Minister Ken Ofori-Attabullet
9 Tema Port Customs impounds 4 containers for evading taxbullet
10 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet

Top Videos

1 Entrepreneurship How to be resourceful as an entrepreneurbullet
2 Entrepreneurship How To Get Ready To Get Started | StartUpSchoolbullet
3 MTN Mobile Money Adbullet
4 Entrepreneurship Failure- How To Deal With It | StartUpSchoolbullet
5 Video African leaders must understand the role of technology in...bullet
6 Vodafone adbullet

Business