THE IMF MEMBERSHIP WILL EMBELLISH THE AKUFFO -ADDO REGIME IN GHANA.~~SKILZER
The rapidly changing global environment and spillovers related to the war in Ukraine are posing important challenges for countries around the world, including Ghana.
In that context, the Ghanaian authorities have bidden the International Monetary Fund’s (IMF) assistance to implement their extensive economic program.
A set of macroeconomic and structural policy measures would mitigate the impact of this shock on the Ghanaian economy, protect the vulnerable, and preserve Ghana’s resilience and medium-term growth prospects.
To this end, the authorities’ recent actions to expand targeted social protection and implement exchange rate flexibility are welcome steps. Continued exchange rate flexibility will be essential to absorb external shocks and safeguard financial buffers during this uncertain time. Prudent fiscal and monetary policies will also be needed to conserve macroeconomic stability.
Our Finance Ministry led by Ken Ofori Atta is working closely with the authorities to prepare for program discussions to support our shared goals of economic stability and sustainable, job-rich, and inclusive medium-term growth for Ghana.
Austria, Belgium, China, Croatia, Finland, Germany, and France are all current member states of the IMF sake of the global economic hardship, let’s repose our trust in our economic team, and let’s believe they will present good policies to the IMF for the interest of our people and our motherland.