The Finance Minister, Dr. Mohammed Amin Adam, has reiterated the government’s resolve to sticking to the International Monetary Fund’s (IMF) programme.
He says the government will not deviate from the programme to ensure that the pro-poor initiatives contained in the 2024 budgetary statement are achieved.
His pledge comes after replacing Ken Ofori-Atta to assume his role as the Minister of Finance following a February 14 announcement of ministerial reshuffle by the President.
“If you look at the budget that was presented this year, there were a number of 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 programme and I want to assure the IMF and the business community that I will ensure that the programme remains on track. I will work to ensure that the programme does not suffer,” he said on Accra-based Citi FM Thursday, February 15, 2024.
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The IMF programme with Ghana involves a set of policies and reforms designed to enhance economic stability, boost growth, and create a favourable environment for sustainable development.
It reflects a strategic partnership aimed at addressing economic challenges and fostering fiscal responsibility in Ghana
Ghana’s engagement with the IMF has been driven by various economic factors, including fiscal deficits, external imbalances, and the need for structural reforms.
Historically, the nation sought assistance from the IMF to address fiscal challenges, implement economic reforms, and strengthen macroeconomic fundamentals.
The programme typically includes measures to contain inflation, reduce budget deficits, and enhance overall economic resilience.
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