President of the Republic of Ghana, Nana Akufo-Addo has announced an end to Ghana’s three-year IMF bailout deal.
Nana Addo made the declaration Thursday, 8 February 2018 at the second State of the Nation Address on the floor of Parliament in Accra.
According to the President, his administration is determined to put in place measures to ensure irreversibility, and sustain macroeconomic stability, so that Ghana will have no reason to seek again the assistance of that powerful global body.
“I am also pleased to report that the 3-year IMF-supported Extended Credit Facility Programme, began in 2015, comes to an end this year. The relatively good macroeconomic performance in 2017 will strongly support our successful completion of the IMF programme.
He added that although the NPP inherited a debt choked economy, it has been restored back to good health under the leadership of Vice-President Dr Mahamudu Bawumia.
“I’m glad to be able to report that the Economic Management Team, under the stellar leadership of the strong, brilliant economist, Vice-President Mahamudu Bawumia, has risen to the challenge, and the hard work is beginning to show positive results”, he added.
Ghana | Atinkaonline.com