President Akufo-Addo has indicated that his government is committed to fiscal discipline to prevent the country from signing up for another IMF program.

He gave the promise when he met the press as part of his one year in office.
    
President Akuffo-Addo was responding to a question posed by a journalist about the government’s current borrowings which could take it back to an IMF program.  

The country was recently forced to sign an IMF program after experiencing some challenges with the economy.

Economy

On the economy, President Akufo-Addo said, “Our economists set to work to sort out our macroeconomic fundamentals and to find imaginative ways to deal with the oppressive debt situation. I am glad to report that the hard work on that front is yielding positive results.”

He said, “The macroeconomic fundamentals have seen improvements through improved fiscal and monetary discipline. Real GDP growth has rebounded, recording a growth of 9.3% in the third quarter of 2017, against the 3.5% figure for the same period of 2016. Latest information indicates that inflation is at 11.8%, down from 15.6% at the end of December 2016.”

Check out the highlights of what the president said at the media encouter below: