{"id":57113,"date":"2023-04-12T09:06:33","date_gmt":"2023-04-12T09:06:33","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/12\/imf-deal-stop-giving-timelines-lord-mensah-tells-govt\/"},"modified":"2023-04-12T09:06:33","modified_gmt":"2023-04-12T09:06:33","slug":"imf-deal-stop-giving-timelines-lord-mensah-tells-govt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/12\/imf-deal-stop-giving-timelines-lord-mensah-tells-govt\/","title":{"rendered":"IMF deal: Stop giving timelines &#8211; Lord Mensah tells govt"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"388\"  alt=\"\" title=\"Lord Mensah\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/Lord-Mensah-1-696x388.png\" data- class=\"entry-thumb lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"388\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/Lord-Mensah-1-696x388.png\"   alt=\"\" title=\"Lord Mensah\"\/><\/noscript><figcaption class=\"wp-caption-text\">Prof Lord Mensah<\/figcaption><\/figure>\n<\/div>\n<p><strong>A Professor at the University of Ghana Business School, Lord Mensah has told the government to stop giving timelines relative to the deal that it is seeking to close with the International Monetary Fund(IMF).<\/strong><\/p>\n<p>He says when timelines are given and failed, it creates uncertainties and doubts in the minds of the people.<\/p>\n<p>He suggested that the government should rather focus on the process to get the deal sealed.<\/p>\n<p>It is recalled that President Nana Addo Dankwa Akufo-Addo assured that Ghana was going to secure a deal with the Fund by end of March. However, that timeline failed.<\/p>\n<p>Finance Minister Ken Ofori-Atta also stated that the local economy would fail if the deal was not closed by March.<\/p>\n<p>Speaking on the Big Issue on TV3 Wednesday, April 12, Prof Mensah said \u201cIt is quite a complex situation looking at what is happening and the conditions that have been given to Ghana, contingent on the debt restructuring.<\/p>\n<p>\u201cStop giving timelines because you create chaos and uncertainties in the minds of the people.\u201d<\/p>\n<p>For his part, former Member of Parliament for Tema East Daniel Nii Kwartei Titus Glover said that 2023 is the year of economic recovery for the Akufo-Addo administration.<\/p>\n<p>He said \u201cThe IMF is giving us an opportunity as to how we can raise revenue to pay off our debts.\u201d<\/p>\n<p>He added, \u201c2023 is the year of recovery \u2026 I agree that the grounds are very difficult or hard.\u201d<\/p>\n<p>Meanwhile, IMF has revised Ghana\u2019s growth downwards in line with concerns that debt pressures and funding constraints would make it difficult for African economies to expand at full potential this year.<\/p>\n<p class=\"p1\"><span class=\"s1\">The fund cut the country\u2019s growth forecast to 1.6 per cent for 2023 this month, down from 2.8 per cent in October last year.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">It also cut growth for Nigeria and South Africa to 3.2 per cent and 0.1 per cent respectively in its latest World Economy Outlook (WEO).<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The WEO, which is published twice yearly, was released on April 11 at the ongoing IMF\/World Bank Spring Meetings in Washington D.C.<\/span><\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prof Lord Mensah A Professor at the University of Ghana Business School, Lord Mensah has told the government to stop giving timelines relative to the deal that it is seeking to close with the International Monetary Fund(IMF). He says when timelines are given and failed, it creates uncertainties and doubts in the minds of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-57113","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IMF deal: Stop giving timelines - Lord Mensah tells govt - 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\/2023\/04\/12\/imf-deal-stop-giving-timelines-lord-mensah-tells-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF deal: Stop giving timelines - Lord Mensah tells govt - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Prof Lord Mensah A Professor at the University of Ghana Business School, Lord Mensah has told the government to stop giving timelines relative to the deal that it is seeking to close with the International Monetary Fund(IMF). 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