The government signs up for an IMF program
The opposition has ridiculed the government’s decision to seek IMF support
Isaac Adongo, the Bolgatanga Central MP, has tasked the government with calling on three statesmen to lead forthcoming negotiations with the International Monetary Fund (IMF) over an economic bailout plan.
Speaking at a press conference in Parliament on July 5, Adongo said the current task force, led by President Nana Addo Dankwa Akufo-Addo and Finance Minister Ken Ofori-Atta, does not have the strength to do a good deal for to score in Ghana.
He believes that Messrs. Kwame Pianim, an economist and founding member of the New Patriotic Party NPP; Ishmael Yamson, formerly of Unilever, and Sir Sam Jonah of Jonah Capital are the best candidates to represent Ghana at the IMF talks.
“You should look for Kwame Pianim immediately. He’s the one who can save them and lead this team, they should go and get Ishmael Yamson and Sam Jonah the best minds in our country. Because this job is up to the 1983 challenge, it’s not a piece of cake,” he said.
The IMF team, led by Carlo Sdralevich, a fund manager, arrived in Accra on Tuesday (July 5) and is expected to begin meeting with presidency and Treasury officials to hold talks on a budget support program.
An International Monetary Fund (IMF) staff team, led by Carlo Sdralevich, Head of Mission to Ghana, will visit Accra July 6-13 to begin initial discussions with the Ghanaian authorities on a possible IMF-backed program.
Mr. Sdralevich made the following statement at the beginning of the visit:
“Based on a request from the Ghanaian authorities, an IMF staff team will begin discussions in the coming days on a possible program to support Ghana’s domestic economic policies. We are early in the process as detailed discussions still need to be held.”
“The IMF stands ready to support Ghana in restoring macroeconomic stability, ensuring debt sustainability, promoting inclusive and sustainable growth, and addressing the impact of the war in Ukraine and the ongoing pandemic.”
“We look forward to our engagement with the authorities in Accra