{"id":406269,"date":"2017-07-28T11:21:34","date_gmt":"2017-07-28T11:21:34","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/07\/28\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\/"},"modified":"2017-07-28T11:21:34","modified_gmt":"2017-07-28T11:21:34","slug":"sustain-ties-with-imf-after-december-2018-ifs-to-govt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/07\/28\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\/","title":{"rendered":"Sustain ties with IMF after December 2018 \u2013 IFS to gov\u2019t"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/07\/1501240894_748_IMF.jpg\" \/><\/p>\n<div>\n<p>The Institute of Fiscal Studies (IFS) has impressed on the NPP not to completely cut ties with the International Monetary Fund (IMF) even after completing the three year program in 2018.<\/p>\n<p>The IFS explains that the government\u2019s plans to exit the program after 2018 may be necessary only if it is able to meet set economic growth targets independently.<\/p>\n<p>The suggestion for Ghana to sustain its ties with the IMF comes on the back of calls for a strict enforcement of fiscal discipline in order to reduce the budget excesses.<\/p>\n<p>The Executive Director of the IFS, Professor Newman Kusi explains the government should tap into the advice from the Fund even after December 2018.<\/p>\n<p>\u201cSo even if the government does not have a formal agreement with the IMF still there\u2019s an opportunity for the IMF to interface with the government through the article 4 consultation. Because Ghana is a member of the IMF every country has to have that relationship with the government,\u201d he said.<\/p>\n<p>Prof. Kusi added, \u201cHaving a formal arrangement with the IMF depends on the government\u2019s ability to be able to implement the required measures on their own. So if the government thinks they have got the tenacity and the discipline to implement all the necessary measures then fine they can go ahead.\u201d<\/p>\n<p>A former Finance Minister, Seth Terkper has also suggested that the NPP government taps into financial and technical advice from the IMF under the Policy Support Instrument (PSI).<\/p>\n<p>Mr. Terkper argues that the plan would not necessarily result in any financial commitments but is necessary to put government in check.<\/p>\n<p>But government maintains it will least engage in such agreement.<\/p>\n<p>The Chairman of Parliament\u2019s Finance Committee, Dr. Mark Assibey Yeboah in an interview asserted that the intervention by the IMF has least developed Ghana\u2019s economy hence the decision not to continue with its programs.<\/p>\n<p>\u2013<\/p>\n<p>By: Pius Amihere Eduku\/citibusinessnews\/Ghana<\/p>\n<p><!-- Quick Adsense WordPress Plugin: http:\/\/quicksense.net\/ --><\/p><\/div>\n<p>\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<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Institute of Fiscal Studies (IFS) has impressed on the NPP not to completely cut ties with the International Monetary Fund (IMF) even after completing the three year program in 2018. The IFS explains that the government\u2019s plans to exit the program after 2018 may be necessary only if it is able to meet set [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":406270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-406269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sustain ties with IMF after December 2018 \u2013 IFS to gov\u2019t - 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\/07\/28\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Sustain ties with IMF after December 2018 \u2013 IFS to gov\u2019t - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"The Institute of Fiscal Studies (IFS) has impressed on the NPP not to completely cut ties with the International Monetary Fund (IMF) even after completing the three year program in 2018. The IFS explains that the government\u2019s plans to exit the program after 2018 may be necessary only if it is able to meet set [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Sustain ties with IMF after December 2018 \u2013 IFS to gov\u2019t\",\"datePublished\":\"2017-07-28T11:21:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/\"},\"wordCount\":327,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/\",\"name\":\"Sustain ties with IMF after December 2018 \u2013 IFS to gov\u2019t - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-07-28T11:21:34+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/28\\\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sustain ties with IMF after December 2018 \u2013 IFS to gov\u2019t - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/07\/28\/sustain-ties-with-imf-after-december-2018-ifs-to-govt\/","twitter_card":"summary_large_image","twitter_title":"Sustain ties with IMF after December 2018 \u2013 IFS to gov\u2019t - Ghanamma.com","twitter_description":"The Institute of Fiscal Studies (IFS) has impressed on the NPP not to completely cut ties with the International Monetary Fund (IMF) even after completing the three year program in 2018. 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