The International Monetary Fund (IMF) has received assurances from Finance Minister Dr. Mohammed Amin Adam that the government will not stray from the current plan.
Following a ministerial reshuffle, Dr. Amin Adam makes this commitment as he takes on the post of Finance Minister, succeeding Ken Ofori-Atta.
During the Thursday, February 15, Citi Breakfast Show conversation with Bernard Avle, Dr. Amin Adam emphasized the government’s commitment to sticking to the plan developed in cooperation with the IMF.
“If you look at the budget that was presented this year, there were several pro-poor initiatives, and I do not intend to depart from those pro-poor initiatives. And I will ensure that business follows as usual as it should. We will make sure that we move faster to implement the tax reliefs that were made in the budget and I am going to make sure the poor are insulated.”
“It is important to note that we are under an IMF program and I want to assure the IMF and the business community that I will ensure that the program remains on track. I will work to ensure that the program does not suffer.”
The continuing initiative is the result of a strategic cooperation that aims to address Ghana’s economic issues and promote fiscal discipline.
Several programs and reforms are part of Ghana’s IMF program, which aims to improve economic stability, spur growth, and foster an atmosphere that is conducive to sustainable development.
Ghana’s involvement with the IMF has been prompted by several economic issues, such as the requirement for structural reforms, external imbalances, and fiscal deficits.
