Dishonesty of government in its economic management exposed by IMF

- Advertisement -
Must Read

Member of Parliament for Madina constituency, Francis-Xavier Sosu

The Member of Parliament for Madina constituency, Francis-Xavier Sosu has said “Poor economic management is what has resulted in deficit of 16.0% for fiscal deficit management.”

According to him, the government announced a current deficit position of 11.7% in the 2021 budget statement, in contrast to the IMF April 2020 Fiscal Monitor, which put the deficit at 16.0%, far higher than the 13.9% and 5.7% for Zambia and Cote d’Ivoire respectively within the same period.

- Advertisement -

“This is disappointing given the enactment of the Public Financial Management Act (PFMA) and the establishment of the Fiscal Council during this Administration. 16.0% deficit position does not support the claims of being better managers of the economy.”

Mr Sosu said these in an article.

Read the full article below:

- Advertisement -
Latest News

Public pay increase to cost GH¢1.2 billion

The 4 percent increase in public sector base pay will add GH¢1.2bn to government spending on compensation this...
- Advertisement -

More Articles Like This