Finance Minister Dr. Mohammed Amin Adam has reassured the International Monetary Fund (IMF) of the government’s commitment to maintaining the current programme.
This assurance comes as Dr. Amin Adam assumes his new role as Finance Minister, succeeding Ken Ofori-Atta following a ministerial reshuffle.
Speaking on the Citi Breakfast Show with Bernard Avle on Thursday, February 15, Dr. Amin Adam emphasized the government’s determination to adhere to the agreed-upon programme with the IMF.
He highlighted the government’s focus on pro-poor initiatives outlined in the recent budget and pledged continuity in implementing tax reliefs and safeguarding the welfare of the less privileged.
Acknowledging Ghana’s ongoing IMF programme, Dr. Amin Adam assured both the IMF and the business community of his commitment to keeping the programme on track and ensuring its success without any disruptions.
The IMF programme reflects a strategic partnership aimed at addressing economic challenges and promoting fiscal responsibility within Ghana. It entails a series of policies and reforms aimed at enhancing economic stability, fostering growth, and creating a conducive environment for sustainable development.
Ghana’s collaboration with the IMF has been driven by various economic factors, including fiscal deficits, external imbalances, and the necessity for structural reforms. Past engagements with the IMF have been instrumental in addressing fiscal challenges, implementing economic reforms, and strengthening macroeconomic fundamentals.
Typically, these programmes encompass measures to curb inflation, reduce budget deficits, and bolster overall economic resilience, contributing to Ghana’s economic growth and stability.