President Akufo-Addo says the government will be cautious to strike a fine line between meeting the aspirations of Ghanaians and staying true to the dictates of the IMF 3-year extended credit programme.
He says this will be crucial as the country heads to the December 7 general election.
Concerns about overspending during these elections have been a worry, especially as the economy begins to pick up.
He reiterated “the need for us to try and make a balance between the rigor which we recognize as being necessary for us to be in a good place as well as making sure the interest of the people are protected."
“There will be little point in pursuing a rigorous rigid arrangement which at the end of the day will only fuel social unrest and difficulty, and ultimately of course has very negative repercussions for our political situation and the situation of our country,” he said on Sunday, March 17, 2024.
He said this during an interaction with the Managing Director of the IMF, Kristalina Georgieva, at the Jubilee House.
He told Mrs Georgieva that his administration stay within budgetary limits to meet public expectations.
Meanwhile, the IMF boss says Ghana has a unique opportunity this year to demonstrate to the world that it is committed to restoring confidence in the economy.
Latest Stories
-
Nkyinkyim says band music pays, but only with proper investment
24 minutes -
Ecobank-JoyNews Habitat Fair: Day 3 promises mouth-watering discounts and great sales
36 minutes -
Parents now request music lessons for their children from us – Nkyinkyim band
36 minutes -
Arthur K slams NPP for ‘acting in the interest of a small cabal’
37 minutes -
Veronica Kumi Yeboah Organises Career Guidance Fair for Students in Tano North
52 minutes -
World Refugee Day: Ghana, three others host 160,000 refugees and asylum seekers – EU
58 minutes -
Trump calls US strikes on Iran’s nuclear facilities ‘spectacular success’
1 hour -
Asantehene’s son to chart future in Astronomy at Wesleyan University
1 hour -
Mpox crisis: 71% of cases concentrated in Western Region
2 hours -
FIFPRO condemns Geremi Njitap ban, urges FIFA and CAF to act
3 hours -
Samuel Eto’o bans former teammate Geremi Njitap for five years
3 hours -
Police arrest 8 at Ayanfuri over galamsey, illicit drugs
4 hours -
Ghana Immigration Service issues warning on fraudulent recruitment schemes
5 hours -
NPA proposes tougher punishment to crack down on illegal fuel stations
6 hours -
Martin Kpebu rallies youth to take over the country
6 hours