IMF Mission Warns Ghana is not free from IMF threats

Threats to the Ghanaian economy are not over until a strong economy is built,that's a warning from the International Monetary Funds (IMF)

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play Christine Madeleine Odette Lagarde - Managing Director (MD) of the International Monetary Fund
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The International Monetary Funds (IMF) is cautioning Ghana to implement tough measures to stabilise its unstable economy situation.

This the Fund says will prevent threats from them

According to the Fund, this is one of the recommendations put out by visiting IMF mission at the end of their Article 4 consultation visit to Ghana.

READ ALSO: We are not aware of Ghana's decision to extend the ECF program-IMF

The IMF mission to Ghana has applauded the country, saying Ghana's initial steps are promising, but more is needed".

They also added that "Resolving Ghana’s longstanding challenges demands ambitious and sustained reforms across key policy areas, going beyond central government’s operation to focus on the broader public sector".

The immediate priority is to ensure fiscal discipline, by targeting a budget deficit sufficient to place public debt on a clearly declining path," the team added.

Despite raising these concerns that team, was, however, confident in the current economy management team assembled adding that they have brought some new confidence.

READ ALSO: IMF conditionalities were bitter - Mahama

The development the IMF believes has resulted in Investors’ response positively to recent bonds issued by government, with the exchange rate recovering in recent weeks after a rapid depreciation through end-February.

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