MyJoyOnline· 12h ago· 1 min read
Finance Minister Dr Cassiel Ato Forson has dismissed claims that he is overly cautious with government spending, insisting that the fiscal restraint guiding his decisions stems from commitments made under the previous administration's International Monetary Fund (IMF) programme.
Speaking on PM Express' Mid-Year Scorecard , Dr Forson said the New Patriotic Party (NPP) government agreed to maintain a primary surplus of 1.5% of GDP when it secured a $3 billion IMF bailout, a commitment his administration is obligated to honour.
“The NPP went into an IMF programme, signed an agreement with the IMF and borrowed $3 billion from them and committed us, this government, that we will do 1.5% of GDP,” he said.
“IMF does not deal with political parties. They deal with governments and countries. I have a responsibility to achieve 1.5% of GDP.”
Asked whether the government should default on the…
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