{"id":1231507,"date":"2022-10-22T12:10:16","date_gmt":"2022-10-22T12:10:16","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/22\/imf-not-a-panacea-to-our-woes-prof-gyampo\/"},"modified":"2022-10-22T12:10:16","modified_gmt":"2022-10-22T12:10:16","slug":"imf-not-a-panacea-to-our-woes-prof-gyampo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/22\/imf-not-a-panacea-to-our-woes-prof-gyampo\/","title":{"rendered":"IMF not a panacea to our woes – Prof Gyampo"},"content":{"rendered":"

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A political scientist at the University of Ghana has criticised the government for solely relying on the International Monetary Fund (IMF) to address the current economic crisis.\u00a0<\/p>\n

Professor Ransford Gyampo says the Bretton Woods Institution cannot be the panacea for the country\u2019s problems.\u00a0<\/p>\n

According to him, the \u2018one size fit\u2019 approach will not work for the nation in these times.<\/p>\n

\"President
President Akufo-Addo<\/figcaption><\/figure>\n

Contributing to a panel discussion on Newsfile on Saturday, October 22, Prof Gyampo asked government to start working on other solutions.\u00a0<\/p>\n

\u201cThe IMF is not and can certainly not be a panacea to our woes and it appears that in our country, we have a certain one way propagandist stomach direction approach to solving every problem. They must be up and doing,\u201d he said.\u00a0\u00a0<\/p>\n

Meanwhile Ministry of Finance on Friday said the Government and IMF have reached a clear path towards the final details of a programme with the goal of reaching a Staff-Level Agreement by the end of the year.<\/p>\n

This follows meetings between the Government and the IMF advancing negotiations towards a Fund-supported Programme in Washington (D.C).<\/p>\n

\"IMF<\/figure>\n

In an update to citizens, the Ministry stated that \u201ca pathway towards fiscal sustainability has also been extensively discussed, and the Government of Ghana and the IMF remain fully committed to the goal of reaching a Staff-Level Agreement on a Programme within the shortest possible time.\u201d<\/p>\n

The Ministry indicated in pursuance of the Staff-Level Agreement, negotiations with the IMF will continue in Accra, as the IMF team is expected within the next few weeks.<\/p>\n

DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A political scientist at the University of Ghana has criticised the government for solely relying on the International Monetary Fund (IMF) to address the current economic crisis.\u00a0 Professor Ransford Gyampo says the Bretton Woods Institution cannot be the panacea for the country\u2019s problems.\u00a0 According to him, the \u2018one size fit\u2019 approach will not work for […]<\/p>\n","protected":false},"author":1,"featured_media":1215452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1231507","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1231507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1231507"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1231507\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1231507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1231507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1231507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}