{"id":396968,"date":"2017-06-29T08:27:11","date_gmt":"2017-06-29T08:27:11","guid":{"rendered":"https:\/\/ghana-mma.com\/?p=396968"},"modified":"2017-06-29T08:27:11","modified_gmt":"2017-06-29T08:27:11","slug":"govt-asks-imf-to-extend-aid-deal","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/06\/29\/govt-asks-imf-to-extend-aid-deal\/","title":{"rendered":"Govt asks IMF to extend aid deal"},"content":{"rendered":"

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IMF<\/figcaption><\/figure>\n<\/div>\n

Government has asked the International Monetary Fund (IMF) to push back the end date of its $918 million aid programme from April 2018 to December 2018, IMF and government sources told Reuters on Wednesday.<\/p>\n

The request is expected to lead to talks aimed at a revised deal to include more money and fresh targets for fiscal consolidation, according to senior government officials.<\/p>\n

Any extension would further reassure investors that the new government of President Nana Akufo-Addo, which took power in January, is serious about restoring macro-economic stability, they said.<\/p>\n

\u201cGhanaian authorities released a memorandum of economic and financial policies to the IMF this week. It included a letter of intent requesting an extension of the Fund programme to December 2018,\u201d one of the sources said.<\/p>\n

IMF officials say they are open to extending the programme.<\/p>\n

The government has outlined an ambitious programme that includes job creation through the private sector and rural development, pledging to build a factory in every district in order to restore the economy.<\/p>\n

Meanwhile, Ghana\u2019s gross domestic product (GDP) growth stood at 6.6 percent in the first quarter of 2017, the statistics office said on Wednesday.<\/p>\n

The figure compares with full year GDP growth for 2016 of 3.5 percent. For years, Ghana\u2019s economy grew at around 8 percent per year, but it slowed sharply in 2014 due to lower prices for its commodity exports and a fiscal crisi<\/p>\n<\/p><\/div>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

IMF Government has asked the International Monetary Fund (IMF) to push back the end date of its $918 million aid programme from April 2018 to December 2018, IMF and government sources told Reuters on Wednesday. The request is expected to lead to talks aimed at a revised deal to include more money and fresh targets […]<\/p>\n","protected":false},"author":0,"featured_media":396969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-396968","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nGovt asks IMF to extend aid deal - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/06\/29\/govt-asks-imf-to-extend-aid-deal\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Govt asks IMF to extend aid deal - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"IMF Government has asked the International Monetary Fund (IMF) to push back the end date of its $918 million aid programme from April 2018 to December 2018, IMF and government sources told Reuters on Wednesday. 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