Pulse.com.gh logo
Go


Economy of Ghana Akufo-Addo’s government can manage economy without IMF – Yofi Grant

The Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant, said the Akufo-Addo-led government is determined to build a Ghana beyond aid.

  • Published:
Yoofi Grant, Executive Officer of Ghana Investment Promotion Centre (GIPC) play

Yoofi Grant, Executive Officer of Ghana Investment Promotion Centre (GIPC)

The Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has said that Ghana’s economy will not be in shambles if it does not receive support from the International Monetary Fund (IMF).

In an interview with Accra-based Citi FM, Grant said the Akufo-Addo-led government is determined to build a Ghana beyond aid.

He added that the current government will do it can to ensure the economy of Ghana becomes a robust one.

READ ALSO: I’m not afraid of Special Prosecutor – Donkor

“With or without the IMF, I can confidently and comfortably say that here is a government and a Ministry of Finance which says with or without the IMF we are going to do the right things to put the economy on a trajectory of sustainable and irreversible growth. That is going to be challenging, and we will do it. That is the track where we are going.”

The governing NPP allowed for the extension of the IMF program for a year. Many Ghanaians were shocked because the same party had criticised the NDC for going for the bailout.

Per the new agreement, the programme will now end in April 2019, and Ghana will receive an additional 94 million dollars disbursement.

READ ALSO: NCA shuts down ‘living room’ radio station at Dansoman

Some analysts say the NPP’s audacious social intervention programmes will adversely be affected because the IMF frowns on such initiatives.

Meanwhile, editor of the Financial Post newspaper, Toma Imihere, told Accra-based Citi FM that government has defied some of the IMF’s directives.

“The government has decided to defy the IMF and adopt a fiscal consolidation pace which is actually slower than what the IMF has been insisting on in order to be able to create a certain level of growth. The IMF attitude has been just to fast-track the fiscal consolidation and get back on an even key. This government has decided that if you try to do that, by the time you’ve achieved your stability, you don’t have any industry or economy left. And I’m happy that the government has taken that decision.”

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 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Ponzi schemes in Ghana These investments are Ponzi schemes in Ghana,...bullet
3 Minimum Capital Requirement GN, Premium, Sahel Sahara Bank in merger...bullet
4 Fuel Prices IES predicts fuel prices to go upbullet
5 Salaries In 2018 Here are the dates public workers will be paid...bullet
6 Ghana-Chinese Relationship StarTimes to distribute 300 free TV...bullet
7 BoG Capitalisation Omnibank, Sahel Bank to complete merger...bullet
8 Baker and Mckenzie Menzgold, preparing for litigation,...bullet
9 Forestry Commission Reducing ‘allawa’ from GHS1,200 to...bullet
10 How to create an NGO in Ghana How to register and...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Plane Crash Starbow suspends operations following plane crashbullet
3 Former Capital Bank staff grills pork for survivalbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Money Alert Meet Africa's richest womanbullet
6 Selorm Adadevoh MTN CEO dances Agbadzabullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 Support Finance minister buys Kantanka carbullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet
10 New Phone Nokia’s MWC 2018 event in 7 minutesbullet

Business

X
Advertisement