ECONOMY

Ghana Reiterates Plans To Exit IMF Programme

Ghana says it is confident of finishing the processes that will allow it to officially exit the International Monetary Fund programme (IMF) in April 2019.

A team from the IMF which is expected in the West African country this month, is scheduled to meet parliament’s finance committee on the 20th of February, to review the relevant data to ascertain if Ghana has met the set targets for the 8th and final review.

“Now we are looking at an April deadline for the board to look at their findings. So, if the board gives us a clean bill of health then we would have successfully concluded the three-year extended credit facility programme entered into in 2015 and which was extended by another year by the Nana Akufo-Addo led administration,” said Chairman of the Finance Committee of Parliament, Dr. Mark Assibey-Yeboah in Accra.

He said progress on macro-economic indicators puts Ghana on course to meeting the targets of the final review: “I don’t think there’s cause for alarm. The macro indices are good, the macro indicators are all trending in the direction that the IMF and the country as a whole will expect.”

“I am not worried at all. I should see this mission successfully complete and Ghana exit the program at the end of April,” Dr. Assibey-Yeboah added.

This post was originally published here

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