Some financial analysts want the Minister of Finance, Ken Ofori Atta, to ensure that Ghana derives maximum benefits from the International Monetary Fund programme.
According to them, he must make sure that conditionality does not outweigh the success and benefits expected to be attained.
Some people have expressed sentiments about the programme, especially the decision by the IMF not to release the $3 billion in bulk for the full implementation for the three-year period.
Instead, the IMF is releasing the funds in tranches and further supervising and guiding the government in revising policies and programmes as part of the conditions.
The analysts who decided to remain anonymous said the Finance Minister must ensure that his ministry, continues to educate the people of Ghana on the implementation process, in order not to create doubts about the implementation process.
Again, the Majority and Minority caucuses in Parliament as well as the Speaker of Parliament, Alban Bagbin must also support Mr. Ofori-Atta to successfully implement the programme and not frustrate him or his ministry.
“Any decision to change the Finance Minister in the IMF programme is likely to disrupt or impede the implementation process and create mistrust between the parties”, one of them noted.
The decision by President Akufo-Addo, to assign the Finance Minister to lead a government delegation to negotiate the IMF deal helped Ghana to secure a record staff-level agreement.
Mr Ofori-Atta was touted as one of the best finance ministers in the world who was able to manage the country’s economy during the Covid-19 pandemic in 2020.
Under his watch, the government is aiming at creating a conducive environment for businesses to thrive, generate employment opportunities, and drive economic growth.
The government’s target is also to boost agricultural productivity, promote local industries, and invest in critical infrastructure projects.
It agenda is also to maintain responsible fiscal policies, improve revenue generation, and prioritize the efficient allocation of resources.
Latest Stories
-
We need a comprehensive data on the culture and creative sector– GCF to Egyapa Mercer
6 mins -
I have been paid with malt drink and meat pie after performing – Kofi Sarpong
30 mins -
Child mortality drops to 32% nationwide in 2024 – Patrick Kuma-Aboagye
44 mins -
Cedi to bounce back to appreciating trajectory soon – Fitch Solutions
1 hour -
Dumsor: Finance ministry failed to pay power generators over GH₵1.2 billion under the CWM – PURC report
1 hour -
Toddler mauled by dog undergoes successful plastic surgery
1 hour -
Pepsodent champions with #TalkToADentist initiative at World Oral Health Day 2024
1 hour -
Otumfuo holds mega food fair for queen mothers
1 hour -
Manhyia Palace holds successful Feast Ghana event to celebrate Asanteman Queen mothers Day
1 hour -
ACEP supports ECG privatisation to make its operations efficient
2 hours -
Only the Energy Minister can authorise publication of load-shedding timetable – Osafo-Maafo
2 hours -
Joyce Bawah Mogtari: Why Naana Jane
2 hours -
CAF Confederation Cup: Dreams FC announce free gate for Zamalek second leg clash
2 hours -
Court issues arrest warrant for former MASLOC CEO Sedina Tamakloe
2 hours -
Yorktown FC to conduct talent scouting on June 1
2 hours