Ken Ofori-Atta, the Finance Minister of Ghana, has made it clear that the IMF deal secured by the country will not bring an end to the country’s fiscal woes.
He therefore urged the general public to fasten their seat belts ahead of the reforms that would be implemented as a result of the IMF bailout deal.
Giving updates on the program in a press conference on Sunday, June 18, 2023, monitored by 1Family Radio, the minister noted that the program has paved the way for the implementation of an ambitious and well-thought-out program of reform for the country.
“Let me state clearly that securing the IMF program is not an end to our current challenges. Though it has significantly paved the way for the implementation of an ambitious and well-thought-out program of reform for the economy and country,
“In fact, the real work of adjustments, re-alignments, and the return to a path of steady economic growth has just begun,’’ he said.
“Let’s brace ourselves for the needed reforms, especially in expenditure control, non-arrears accumulation, revenue growth, ECG collections, and energy sector reforms, in order to rebuild the walls of the Republic with urgency.
“That said, our reform program, the Post-COVID-19 Program for Economic Growth, (PC-PEG), now supported by the 3-year Extended Credit Facility arrangement with the IMF, is built on clear targets and strong policy and structural measures,” he added.
Source: 1Familyradio
