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ACCRA, July 5 (Xinhua) – Ghana will not cease to ensure fiscal discipline in public finance management even after the end of an International Monetary Fund (IMF) support program, said Thursday Vice President Mahamudu Bawumia. The three-year support program for the IMF's Expanded Credit Support Program (ECF) ends in March next year.
The lender congratulated Ghana a week ago for efforts to restore macroeconomic stability. 2016.
However, stakeholders expressed concern that, as in all previous meetings, Ghana withstood all gains after the end of the program.
One of the ways in which the government intended to entrench financial discipline was that the proposed Financial Accountability Act would soon be pbaded
"But let me badure you that We are determined to maintain fiscal discipline, so he said that the government was going to implement structural measures to tackle some of the long-term structural issues
should be capped at 5% for an exercise starting next year with limits for the ratio of debt to gross domestic product (GDP) while an independent fiscal responsibility council is also set up to oversee the implementation of the policy
Bawumia said:
The fiscal slide has jumped to nearly 90% in the course of 2016, after the government concluded an IMF program in 2015 visa among other things to ensure fiscal discipline. End
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