PRESS RELEASE: IMF PROGRAMME EXTENSION
FOR IMMEDIATE RELEASE
THE CIVIL SOCIETY PLATFORM COMMENDS GOVERNMENT OF GHANA AND IMF ON PROGRAMME EXTENSION
The Civil Society Platform on the IMF Programme commends the Government of Ghana and the Executive Board of the International Monetary Fund (IMF) for extending the country’s Extended Credit Facility arrangement with the Fund by a year.
The Civil Society Platform believes the programme extension is in the best interest of the country, as it will afford Government time to work towards attaining the overall programme objectives of restoring debt sustainability and macroeconomic stability as well as foster a return to high growth and job creation, while protecting social spending.
Admittedly, the programme extension in itself will not translate into successful completion unless the Government is committed to fiscal discipline and good governance.
Above all, we believe effective implementation of the current arrangement with the IMF will strengthen the country’s own institutions of fiscal restraint, regain policy credibility as well as chart new sustainable pathways so that Ghana, hopefully, will no longer revert to the IMF for another Fund-supported programme.
Godson K. Aloryito