{"id":57905,"date":"2023-04-14T18:23:57","date_gmt":"2023-04-14T18:23:57","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/14\/prof-gatsi-tags-imf-boss-now-spokesperson-on-ghanas-economy\/"},"modified":"2023-04-14T18:23:57","modified_gmt":"2023-04-14T18:23:57","slug":"prof-gatsi-tags-imf-boss-now-spokesperson-on-ghanas-economy","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/14\/prof-gatsi-tags-imf-boss-now-spokesperson-on-ghanas-economy\/","title":{"rendered":"Prof Gatsi tags IMF boss now &#8216;spokesperson on Ghana&#8217;s economy&#8217;"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"414\"  alt=\"\" title=\"IMF Boss and Akufo-Addo\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/1681496637_288_IMF-Boss-and-Akufo-Addo-696x414.png\" data- class=\"entry-thumb lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"414\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/1681496637_288_IMF-Boss-and-Akufo-Addo-696x414.png\"   alt=\"\" title=\"IMF Boss and Akufo-Addo\"\/><\/noscript><\/div>\n<p><strong>The Dean of the University of Cape Coast Business School, Professor John Gatsi, has observed that the Managing Director of the International Monetary Fund (IMF) appears to be fronting for Ghana to facilitate the country\u2019s application for a financial bailout.<\/strong><\/p>\n<p>Kristalina Georgieva on Thursday, April 13 spoke highly of Ghana, at the ongoing IMF\/World Bank Spring Meetings in Washington, indicating that \u201cwe have worked very hard and very swiftly to have the programme, $3bn support programme, for Ghana in place\u201d.<\/p>\n<p>\u201cWe have been urging Ghana\u2019s creditors to act swiftly,\u201d she said.<\/p>\n<p>\u201cMy appreciation also for the proactive role of the Minister of Finance of Ghana in reaching out to the creditors. We are expecting that next week there will be discussions among creditors.\u201d<\/p>\n<p>She also indicated that Ghana was doing well prior to the Covid-19 outbreak and the Russia-Ukraine crisis in 2022.<\/p>\n<p>\u201cLet us remember that Ghana for a long time has done really well to tap markets to finance its growth paths. It has been like all innocent bystanders hit by Covid, hit by the war in Ukraine. It caused complicated domestically, the ability to Finance the budget. So a country that has a long track record of sound macroeconomic management.\u201d<\/p>\n<p>But speaking on <em>Midday Live <\/em>on <strong>TV3 <\/strong>on Friday, April 14, Prof Gatsi said Ghanaians should not give any heed to the IMF MD but rather the chief economist of the World Bank.<\/p>\n<p>\u201cWhile the IMF boss is talking in support of Ghana, the chief economist in IMF, in an engagement earlier, made the point very clear that Ghana ought to embrace prudent financial responsibility,\u201d he said.<\/p>\n<p>He said Kristalina Georgieva has become \u201ca spokesperson on the economy of Ghana and to front for Ghana [and] may want to see some speedy process and waive some preconditions demanded by international creditors to grant Ghana a programme\u201d.<\/p>\n<p>There have been reports that Ghana may secure an approval for the $3 billion extended credit facility (ECF) in May.<\/p>\n<p><a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/kwame_amoh?ref_src=twsrc%5Etfw\" data-show-count=\"false\">Follow @kwame_amoh<\/a><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dean of the University of Cape Coast Business School, Professor John Gatsi, has observed that the Managing Director of the International Monetary Fund (IMF) appears to be fronting for Ghana to facilitate the country\u2019s application for a financial bailout. Kristalina Georgieva on Thursday, April 13 spoke highly of Ghana, at the ongoing IMF\/World Bank [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-57905","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>Prof Gatsi tags IMF boss now &#039;spokesperson on Ghana&#039;s economy&#039; - 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\/14\/prof-gatsi-tags-imf-boss-now-spokesperson-on-ghanas-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prof Gatsi tags IMF boss now &#039;spokesperson on Ghana&#039;s economy&#039; - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Dean of the University of Cape Coast Business School, Professor John Gatsi, has observed that the Managing Director of the International Monetary Fund (IMF) appears to be fronting for Ghana to facilitate the country\u2019s application for a financial bailout. 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