Ghana will not pull out of IMF deal - Finance minister clarifies

Ghana will not pull out of IMF deal - Finance minister clarifies

- Finance minister has maintained that Ghana will not terminate the IMF program

- Nana is claimed to have revealed during his presser that Ghana will be pulling out of the deal

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The finance minister has lamented what he has described as the misrepresentation of the president's delivery regarding the fate of the IMF program.

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Nana Addo Danquah Akufo-Addo is documented to have stated during his address at the maiden press confab that Ghana will not be extending the IMF program once it is completed. This statement by the president got misreported by some sections of the media which claimed that the president was rather hinting of Ghana pulling out of the program.

“We are committed to completing the programme. The last budget that is going to be held under the IMF will be the budget that is going to be laid before the House in November by the Finance Minister,” he revealed.

But the finance minister, who was also present at the presser stood his grounds with a firm clarification that Ghana is not pulling out of the program.

According to a statement by the finance minister, “the president’s remark should, therefore, not be interpreted to mean that the government is pulling out of the IMF programme. On the contrary, government will continue with it and complete the IMF programme through the budget cycle of January 2018 through December 2018”.

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