President John Mahama has called for discussions with the International Monetary Fund (IMF) and other development partners in support of Ghana’s programme for stabilisation and growth.
A statement signed by the Minister of Communications, Dr. Edward Omane Boamah said the decision was taken after the Presdential Advisory Committee on the Economy met this week.
"The President directed that immediate initiatives be taken to open discussions with the International Monetary Fund and other Development Partners in support of our programme for stabilization and growth," the statement said.
The recent development comes after the Minister of Finance Seth Terkper had presented a supplementary budget to Parliament requesting approval for an additional 3 billion Ghana Cedis to spend in the remainder of the year.
In its newly launched report after the Senchi Economic Forum, the government stated that: “Going for an IMF programme provides a clean bill of health which may trigger disbursements not only from the IMF but also from other donors. It may also provide favourable signals to the market.â€Â
The report concedes though that: “(joining an IMF program) would however, go with negotiated conditionalities.â€Â
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