The highly anticipated meeting between government negotiators and officials of the International Monetary Fund (IMF) has commenced.
The Fund’s officials are led by Mission Chief for Ghana, Carlo Sdralevich as the fate of Ghana’s financial future is tabled for discussion amid hue and cry from the public over the ever-increasing cost of living.
The Finance Ministry earlier revealed that the engagement will be a 7-day activity with the IMF officials, government’s Economic Management Team and the Presidency.
According to Presidential Affairs Correspondent, Elton Brobbey, the crunch meeting started this afternoon in Accra.
JoyNews sources say the meeting will discuss various aspects of the economy including expenditure, market reserve management, domestic arrears, expenditure controls and fiscal reporting.
Other issues to be tackled are; monetary and inflation developments, data gathering and reconciliation, revenue among others.
Government has already indicated that its flagship programmes will not be canceled despite the stringent scrutiny and potential conditionalities that accompany such bailouts.
This has attracted attention from critics as beneficiaries and policymakers look to the outcome of the engagement in this regard.
On revenue, JoyNews sources reveal that the electronic transactions levy (E-Levy) will come under scrutiny by the team as part of the revenue mobilsation analysis.
Per reports, the team will look at the design of the e-levy, estimated yield, the mobilisation measure and the nature of its implementation on Thursday.
Fiscal returns for the first half of the year and the 30% expenditure cuts, financial sector payments, the wage bill, internally generated funds will be high on the agenda as well.
Meanwhile, the Finance Ministry is hopeful that the engagement will help restore macroeconomic stability, safeguard debt sustainability, and promote inclusive and sustainable growth as well as address the impact of the war in Ukraine and the lingering pandemic.”
- ECG’s IT department resisting checks and balance moves by MD – Kwadwo Poku
- Akufo-Addo directs SIGA Boss to probe infractions in 2021 Auditor-General’s report
- Mankessim murder: We didn’t commit crime with mason; he only dug hole for burying a victim – Chief
- Moody’s downgrades Ghana’s economy further within junk status
- Akonta Mining Limited has no permit to undertake any mining operations in Tano Nimiri Forest Reserve – Minerals Commission
- The viral lynching that was to end Nigeria’s mob justice
- COCOBOD signs $1.13bn syndicated loan for 2022/2023 cocoa crop season
- NSMQ 2022 launched; fixtures for preliminary stage released
- Celebrities mourn Ekow Blankson
- Scores of residents displaced, others trapped as Weija, Oblogo and Tetegu flood
- Edmund Yirenkyi Fianko elected to ITU’s Radio Regulatory Board
- Joy News’ Joojo Cobbinah, NGO sue government over River Offin menstruation taboo
- Illegal mining: Government has failed- Concerned citizen
- Live2Lead Leadership Conference by John Maxwell to be held in Ghana on Oct. 7
- Ghana joins in celebration of World Cerebral Palsy Day
- First-ever Food Systems Pavilion to be hosted at COP27 in Egypt
- Free SHS making a giant impact in the education sector – Education Minister
- Dr Ravi Prabhu appointed Director General ad interim of World Agroforestry
- GIS holds 6th Time Educators Conference
- Kingmakers of Pakyi No. 1 angry with Chief for allowing illegal mining activities to surge
- ‘My son likes my dirty songs’ – Kidi
- Nektunez joins Akon’s Konvict Kulture family
- The rise of prostitution commonly termed hookup among university students
- Absa Bank and MasterCard Foundation to grant ¢2.5m to Fintech/Agritech Startups
- Lordable Holm Ministry holds Thanksgiving and Testimony concert at Osu ICGC