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Finance Minister Ken Ofori-Atta revealed that Ghana would continue to benefit from advice from the International Monetary Fund (IMF) despite the country's eminent exit.
On Wednesday, March 20, 2019, the IMF's Executive Board completed the seventh and eighth reviews under the extended credit facility agreement with Ghana, a loan agreement providing for a sustained commitment of the medium-term program. and in the long run in case of prolonged balance of payments problems.
After a fruitful meeting with IMF officials, Ken Ofori Atta, in an interview with the journalist on the sidelines, said President Akufo-Addo's vision of achieving Ghana beyond aid is now clear. According to him, despite the fact that Ghana will not receive any money from the IMF, we will always benefit from their sound advice, which will help us a lot to stay independent.
"What I think we really proved during this period is the clarity of President Akufo-Addo's vision of a Ghana beyond help. So, the principle of going alone. Being sovereign and independence is very clear "
"However, we have had excellent relations over the past two years with the fund. So we go back to clause 4. It's now a 12-month record in which they are every six months.
"We have also set up an economic policy coordination committee in which they will sit. The meaning of the IMF as a trusted advisor is therefore something we will continue, just for us, there is no money at the end of the table. But the royal revision, etc. will continue and I think this relationship is healthy, "said Finance Minister Ken Ofori-Atta.
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