President John Mahama has urged the incoming administration to continue with Ghana’s Extended Credit Facility arrangement with the International Monetary Fund (IMF) until the end of this year.
According to him, continuity in the implementation of the deal will ensure debt sustainability and macroeconomic stability in the Ghanaian economy.
“We entered the IMF agreement with the best of intentions and it is important that we continue a diligent implementation of the IMF programme until the end of 2017,” he told parliament in his last State of the Nation Address Thursday.
A total of US$918 million is being disbursed to Ghana under the three-year programme with the Breton wood institution.
The president also noted that his government could not achieve its growth target for 2016 due to the shortfalls in revenue collections.
“We could not achieve the targets we set for ourselves due to the inability to achieve revenue targets and also the inability to draw the full expectation of oil from the Jubilee Fields”.
Mr. Mahama who is so far Ghana’s first one term President leaves office on Saturday January 7, after losing the December 2016 elections.
Nana Akufo-Addo who won at his third attempt at the presidency will be sworn in at the Black Star Square on January 7.
Source: Starrfmonline.com
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IMF programmes assist politicians to be more CORRUPT because they hardly read the English Language & understand the hidden lies put in paper. These politicians cannot read everything so they end up signing lies that hangs AROUND the Country's neck. They loose or leave the political scene with their Ex gra...Enough of old ways of doing things politicans. You beg like kids wanting food o be elected into public office. Beg as well or ask Ghanaians if the decisions you guys are taking is relevant or it will improve the economy or folks lives
YOU CAN'T DICTATE TO NPP WHAT THEY SHOULD DO WITH IMF. WITH ALL THE STOLEN MONEY BY YOU AND YOUF FAMILY & FRIENDS, THERE WOULDN'T HAVE BEEN ANY NEED TO GO TO IMF FOR BAILOUT IN THE FIRST PLACE.
BRING ALL THE STOLEN MONIES AND THERE WILL BE NO BORROWING .
Nana Addo should do what? this ***barred word*** policy which is so inhumane to ordinary Ghanaian, which eventually rendered you unpopular leading to this unprecedented defeat. since this imf conditionality does not affect your family and friends, this new government should continue with this callous and abusive policy. mr incompetence go away in peace and stop annoying me my asssss.....
Man, just go and stop those instructions. Nana and his team know better than you guys do.
Master, if you are going, go, don't tell us what we should do. Your incompetence took you back to the IMF when Kufour had weaned us from them.
NO SIR !!!!!!!!!;JON MAHAMA IS DAY DREAMING !!!!!! the IMF conditions must be reviewed by Nana Addo and to maintain our debt sustainability and macroeconomic stability Nana Addo should review all irrelevant projects or these so called development project which are all a complete FRAUD to give frineds and family of Jon Mahama contracts !!!!!!; irrelevant contracts should be reviewed with emphasis on wealth creation not award of contracts which does not benefit a section of the people ; how can you build a overhead bridge costing $15 million and tell Ghanaians it is a $35million development project ; how does such project benefit a village in Hohoe without a toilet or proper water facility and what happened to the balance of the total investment cash; TRUST ME with DR Bawumia and Dr Osei Akoto in charge of economic planning value for money shall be the target of this government; the government should reduce taxes to stimulate the economy to generate revenue ; discourage irrelevant importation and encourage agric sector with the aim to export finished products; reliance on oil and gas should be discouraged ; our debt portfolio should reviewed including shady deals like 'Ameri' and others should be reviewed by the government; last but not least the murder of Atta Mills should investigated by Nana Addo !!!!!