IMF prog.: Election year difficult but we’ll stay the course – Finance Minister
Finance Minister Mohammed Amin Adam has affirmed the government's commitment to adhering to the International Monetary Fund’s (IMF) Post-COVID-19 Programme for Economic Growth (PC-PEG) and the World Bank-supported Development Policy Operations, despite the challenges of an election year.
At his first monthly press briefing on the economy in Accra on Tuesday, March 26, Mr Adam stressed the government's resolve to maintain continuity with these programmes.
"In spite of the election year being a difficult year in every country, in the world, we are determined to stay the course as far as these programmes [IMF] are concerned," he stated.
He said: “We want to optimise the mobilisation of domestic revenue and rein in expenditure through expenditure controls and rationalisation”, adding an intention to “firmly implement the government’s growth strategy with a focus on improving SME productivity, efficiency, and financing, given the significant contribution the SME sector makes to the growth of our economy as well as for job creation”.
Above all, the minister said the government plans to “pursue an inclusive approach to economic management”.
This, he explained, “will include instituting a joint economic roundtable with the academia to discuss topical economic issues”.
He noted that such a forum “will seek to bring academia and policymakers to have a conversation on topical issues, as they affect the economy and to propose solutions on our way forward.”
“A Ghana development forum which will be a forum to bring various stakeholders together to discuss and build consensus on key interventions such as the IMF programme and our debt restructuring programme,” he stated.
Source: Classfmonline.com
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