IMF Deal IMF Programme Will Improve Economy - Veep

Amissah Arthur said deal between Ghana and the IMF will place the government in a better position to manage the economy.

  • Published: , Refreshed:
play Vice-President, Mr Kwesi Amissah-Arthur
24/7 Live - Subscribe to the Pulse Newsletter!

The Vice-President, Mr Kwesi Amissah-Arthur, has stated that the deal reached between Ghana and the International Monetary Fund (IMF) will place the government in a better position to manage the national economy to achieve the necessary growth.

He said the Extended Credit Facility (ECF) given to Ghana, coupled with a good balance of payment, would stabilise the economy and tame inflation for economic growth to resume.

Speaking at the launch of the Ghana-Netherlands Business and Culture Council (GNBCC) in Accra yesterday, Mr Amissah-Arthur said the fall in gold and cocoa prices and the recent drop in oil prices had consequences for fiscal imbalances in the economy.

The Vice President and  the acting Ambassador of The Netherlands to Ghana, Ms Caecila Wijgers, jointly launched a book titled  “Doing Business in Ghana.”

Under the programme, the Vice-President stated that the government was going to restrain the growth of public expenditure through wages.

That, he added, would be done through proper capital expenditure, while others would be achieved through public-private partnership arrangement to set the grounds for the prioritisation of the expenditure programme that would seek to safeguard social expenditure.

Mr Amissah-Arthur underscored the need to improve tax collection to raise more revenue for development.

“We want to strengthen our monetary policy and the significant part of this agreement is to limit how government’s deficit is financed by the Central Bank as part of efforts to reduce interest rate,” he said.

Source: Daily Graphic

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 Freemasonry Here are prominent Ghanaians who are also freemasonsbullet
2 Adult Content We will continue showing porn on TV - Ice TVbullet
3 Sex Workers Chinese prostitutes invade Wassa Akropong; charge...bullet
4 SCOAN TB Joshua relocating church to Israelbullet
5 Men of God Ghanaian pastors and their nicknamesbullet
6 Declaration Accra will be Africa's cleanest city in four years...bullet
7 Ghana Armed Forces GAF announces date for 2017/18...bullet
8 GAF Recruits without BECE certificate will be sacked -...bullet
9 Confession This is the real story behind Atta Ayi's arrestbullet
10 Research Work How the media performed at Nana Addo's...bullet

News