{"id":415344,"date":"2017-09-06T17:07:27","date_gmt":"2017-09-06T17:07:27","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/09\/06\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\/"},"modified":"2017-09-06T17:07:27","modified_gmt":"2017-09-06T17:07:27","slug":"new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/09\/06\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\/","title":{"rendered":"New IMF document shows discrepancies in completion date for Ghana\u2019s programme\n&#8211; MyJoyOnline.com"},"content":{"rendered":"<p><\/p>\n<div>\n<p>New<b>\u00a0<\/b>documents from International Monetary Fund (IMF) have revealed that government indeed requested for an extension of the IMF programme.<\/p>\n<p>However, there appears to be some discrepancies on the actual date for completing the programme.\u00a0<\/p>\n<p>While the government in a letter to the Fund is proposing December 2018 as end date the IMF is looking at carrying out its last program review in February 2019.\u00a0<\/p>\n<p><!-- \/1002554\/Myjoyonline.com_InArticle_300x250 --><\/p>\n<p><b>Letter to IMF MD<\/b><\/p>\n<p>According to the letter of intent signed by Finance Minister, Ken Ofori-Atta and Bank of Ghana (BoG) Governor Dr. Ernest Yedu Addison, sent to the Managing Director of the IMF, Christine Lagarde, government\u2019s request was influenced by a weakened economy it inherited, making it difficult to\u00a0meet program targets by the end of\u00a0\u00a02017.<\/p>\n<p>The letter added that the extension also \u201creflected the lag in policy implementation due to the change of government, &#8216;our budget&#8217;, although prepared and approved in record time, it was only enacted in late March\u201d.<\/p>\n<p>This meant that the program had to be extended to meet the said targets.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/09\/7801824989832_8387589874625.jpg\" style=\"border-style:solid; border-width:5px; height:415px; width:600px\" \/><\/p>\n<p><b>Managing Director of the IMF, Christine Lagarde<\/b><\/p>\n<p>The letter also revealed that the program would be completed through a budget cycle of January 2018 through December 2018, it is, therefore, requesting for approval to modify the length of the arrangement by one year and reschedule disbursements evenly.<\/p>\n<p>However, going through\u00a0the proposed\u00a0scheduled of reviews and disbursement, showed the last review meeting for this program, would\u00a0happen in February 2019, subject to completing all the reviews before that proposed date.\u00a0\u00a0<\/p>\n<p>The government\u00a0letter also outlined measures to improve revenue collections, check rising expenditure, to demonstrate its commitment to the program.\u00a0<\/p>\n<p><b>Finance minister\u2019s reaction\u00a0<\/b><\/p>\n<p>But Finance Minister Ken Ofori Atta has justified the extension, describing it as technical.<\/p>\n<p>He maintained that the program would end in December 2018, adding that, government is committed to stabilizing the economy and implementing programs that would improve the livelihood of Ghanaians. \u00a0 \u00a0 \u00a0<\/p>\n<\/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>New\u00a0documents from International Monetary Fund (IMF) have revealed that government indeed requested for an extension of the IMF programme. However, there appears to be some discrepancies on the actual date for completing the programme.\u00a0 While the government in a letter to the Fund is proposing December 2018 as end date the IMF is looking at [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":415345,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-415344","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>New IMF document shows discrepancies in completion date for Ghana\u2019s programme - MyJoyOnline.com - 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\/09\/06\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"New IMF document shows discrepancies in completion date for Ghana\u2019s programme - MyJoyOnline.com - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"New\u00a0documents from International Monetary Fund (IMF) have revealed that government indeed requested for an extension of the IMF programme. However, there appears to be some discrepancies on the actual date for completing the programme.\u00a0 While the government in a letter to the Fund is proposing December 2018 as end date the IMF is looking at [&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\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"New IMF document shows discrepancies in completion date for Ghana\u2019s programme &#8211; MyJoyOnline.com\",\"datePublished\":\"2017-09-06T17:07:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/\"},\"wordCount\":328,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/\",\"name\":\"New IMF document shows discrepancies in completion date for Ghana\u2019s programme - MyJoyOnline.com - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-09-06T17:07:27+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/06\\\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\\\/#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":"New IMF document shows discrepancies in completion date for Ghana\u2019s programme - MyJoyOnline.com - 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\/09\/06\/new-imf-document-shows-discrepancies-in-completion-date-for-ghanas-programme-myjoyonline-com\/","twitter_card":"summary_large_image","twitter_title":"New IMF document shows discrepancies in completion date for Ghana\u2019s programme - MyJoyOnline.com - Ghanamma.com","twitter_description":"New\u00a0documents from International Monetary Fund (IMF) have revealed that government indeed requested for an extension of the IMF programme. 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