SONA: Ghana to exit IMF Programme-Akufo Addo

Ghana has concluded its programme with the International Monetary Fund (IMF) and will soon sign out, President Nana Addo Dankwah Akufo-Addo has said.

Delivering the 2019 State of the Nations Address (SONA) on Thursday, he said that with the continuing discipline, Ghana will exit the programme in order to manage its own economic affairs.

The IMF programme which has ended served as an anchor to orderly economic adjustment and a positive signal to the market and has so far helped Ghana’s economy to stabilize.

The signing out of the programme, implies that government will be able to employ more qualified persons into the various sectors without any external restrictions, aside expanding its budget scope to carry out developmental projects.

Touching on the economy of Ghana, President Akufo-Addo was of the belief that it is the success of the economy that will guarantee an improvement in the quality of the lives of Ghanaians.

“I believe we are all now agreed that the fundamentals have to be sound if the economy is to flourish. We have just concluded a Programme with the IMF, and, with continuing discipline, we shall sign off from the deal in April,” he said.

According to him, the IMF programme which ends in April 2019 was the seventeenth time Ghana has had to go to the IMF in the sixty-two years of her independence.

“We cannot make the progress we all desire unless we are consistent and disciplined in the management of our economy. The yo-yo nature of the boom and bust has not helped us achieve our goal of sustained prosperity, and lift us out of poverty. We have gone through another round of painful impositions to get to where we are today with healthy fundamentals,” he said.

Ghana | Atinkaonline.com

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