Finance Minister Ken Ofori-Atta whiles addressing Ghana’s current economic situation on Thursday said the Nana Addo-led government was committed to not seeking International Monetary Fund (IMF) assistance to relieve its debt.
This comes months after the government announced a raft of spending cuts to tackle inflation, reduce the deficit, restore a depreciating local currency and reassure spooked investors.
“We have committed to not going back to the fund because . . . the fund knows we are in the right direction,” he said at a media conference.
Adding that, “It’s about validating the program we have in place and finding other ways of handling our debt without going to the fund.”
Source: King Edward Ambrose Washman Addo/peacefmonline.com/ghana
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