After striking a $ 1 billion loan deal with the International Monetary Fund (IMF) to stabilize Ghana’s troubled economy, government has been accused of ingratiating to every demand of the IMF without considering its negative effect on us.
Major players in the Trade Union Congress and members in opposition political parties, predict government’s passive nature would soon lead to job cuts.
But the Minister of Finance, Seth Terkper, has rubbished the claim that government is being dictated to by the IMF. Speaking at a news conference in Accra, Mr. Terkper stated that government doesn’t need the Bretton Woods institution to tell it to review the budget when the prices of crude fall.
Mr. Terkper said many policies in the 2015 budget are policies under-pining the policy by the IMF.
Despite the current economic challenges brazening out Ghana, the Minister of Finance assured that our medium term prospects remains bright.
He said government will continue to work diligently to ensure that the positive prospects as well as macroeconomic stability and socio-economic objectives are not derailed by external and domestic shocks.
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