MyJoyOnline· 8h ago· 1 min read
Finance Minister Dr Cassiel Ato Forson has defended the government’s decision to maintain strict spending controls under Ghana’s IMF programme, insisting that the agreement is with the country and not any political party.
Speaking on Joy News’ PM Express hours after presenting the Mid-Year Budget Statement to Parliament on Thursday, he said the current administration has a responsibility to honour commitments made by the previous government under the $3 billion IMF-supported programme.
According to him, the New Patriotic Party (NPP) government signed the agreement with the IMF before leaving office and committed Ghana to achieving a primary balance target of 1.5% of Gross Domestic Product (GDP).
“The NPP committed Ghana into an IMF program, signed an agreement with the IMF and borrowed $3 billion from them, and committed us, this government, that we would do 1.5% of GDP,” he…
Continue reading at MyJoyOnlineDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
Over GH¢296k lost to restaurant and food-vendor impersonation scams – CSA
6h ago
Read More
Government begins 87 road projects under Big Push Programme
6h ago
Read More
Mahama secures AU Commitment to place xenophobic attacks on the agenda of the next Summit
4h ago
Read More
Oxford No. 1 Hotel rejects receivership claims, says facility remains under management’s control
6h ago
Read More
Kow Essuman criticises Ato Forson over unpaid arrears for former Presidency staff
6h ago
Read More
Roads Minister commends EPCG for its enormous contribution to national development
6h ago
Read MoreLatest in Top Stories
Atta Mills, Fourteen Years On: A Better Ghana, Still Unbuilt.
News Ghana · 4h ago
The recovery belongs to every trader, entrepreneur, worker who persevered through difficult times - Finance Minister
3News · 4h ago
Airtel Africa dials up London for mobile money IPO
MyJoyOnline · 5h ago
Where is the man who put us in debt? – Majority Leader demands Ofori-Atta’s return
MyJoyOnline · 5h ago
Government adopts IMF Policy Coordination Instrument to sustain economic reforms, stability
MyJoyOnline · 6h ago
Mahama and Wadagni call for strengthening Ghana-Benin relations
MyJoyOnline · 6h ago
Mahama and Burundian counterpart hold bilateral meeting in Accra
MyJoyOnline · 6h ago
Biometric verification of Ghana Card now mandatory – Interior Minister
MyJoyOnline · 6h ago
Most Read Today
US lawmaker seeks Nnamdi Kanu’s release
Punch · 1h ago
Ukraine drone attack hits Russia’s Amazon warehouse
Punch · 4h ago
Indian activist ends 26-day hunger strike over exam leaks
Punch · 2h ago
Kano govt declares ‘Daba’ illegal, orders crackdown on practice
Daily Post · 3h ago
World Cup 2026 final in photos: Spain triumphs as football crowns a new champion
CNBC · 4d ago