Minister of Finance, Dr Cassiel Ato Forson
Ghana’s existing agreement with the International Monetary Fund (IMF) will not be extended or renegotiated, according to Finance Minister Dr. Cassiel Ato Forson.
Speaking at a joint press conference with the IMF in Accra on Tuesday, April 15, Dr. Forson reaffirmed the government’s commitment to fully implementing the program in order to restore macroeconomic stability and promote sustainable growth.
“Renegotiating presupposes that you don’t believe in the programme and therefore want to revisit its parameters. That is not the government’s position. We are committed to the implementation of the programme to achieve its purpose,” he said.
While acknowledging that several quantitative targets and structural benchmarks had been missed before the current administration took office, he emphasized the government’s dedication to realizing the goals of the program.
To that end, Dr. Forson outlined several measures aimed at increasing budget credibility, eliminating the buildup of arrears, strengthening expenditure controls, and enhancing debt and fiscal sustainability.
“We have commissioned the Auditor-General, along with two international audit firms, to audit the outstanding payables and commitments, in order to validate their legitimacy and amounts, and to provide recommendations for corrective action. The audit is expected to be completed within eight weeks,” he revealed.
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Ever heard of a colonial fort with a children’s dungeon and a unique shrine for the slaves? Find out the details with Etsey Atisu as he toured Fort William at Anomabo below: