Officials of the International Monetary Fund (IMF) will be visiting Ghana to discuss with the new government its plans for the bailout deal signed by the previous government.
The program signed in April 2015 by the previous government led by John Mahama was aimed at putting the economy back on its right footing after it was crippled by high public debts and budget deficits.
But the government of the new president, Akufo Addo who was sworn in on January 7 is reported to be interested in re-negotiating the IMF deal.
The Reuters news agency reported that the IMF on Thursday made public its intentions of meeting officials of Ghana’s government, hoping to have details of the new government’s plans for the implementation of the $918 million aid deal.
A spokesperson of the Fund in Washington is quoted by Reuters as saying “An IMF staff team will be ready to visit Accra in the coming weeks to discuss recent economic developments and hear from the authorities about their plans for engaging with the Fund going forward”.
The new president, Akufo Addo is hoping to transform the economy of Ghana by creating jobs, cutting taxes and doubling the growth of the economy.
He has named an investment banker Ken Ofori-Atta as his new finance minister who is yet to be approved by the country’s parliament.
Source: Africafeeds.com
