President Nana Akufo-Addo, speaking in Accra on Thursday, has once again indicated his intention to turn his back on aid from the International Monetary Fund (IMF) after the current three-year economic and financial program supported by the Extended Credit Facility (ECF).
“We are determined to put in place measures to ensure irreversibility and maintain macroeconomic stability, so that we have no reason to seek the assistance of this powerful world organization again,” he said. the deputies of the country.
According to Nana Akufo-Addo, the relatively good macroeconomic performance recorded by Ghana in 2017 should “strongly support the success of this program”.
Extended for a year (despite the wish of the Ghanaian president to do without), the program of about 918 million dollars approved in April 2015, aims to reduce the fiscal deficit, restore debt sustainability and stability Ghana’s macroeconomic sector, to encourage a return to strong growth and to create jobs, with protection of social spending.
This is not the first time that the president elected in December 2016, announces his intention to free himself from the IMF. In mid-July 2017, it is a confident Nana Akufo-Addo who announced that he wanted to “move on” after this program.
But a few weeks later, the 31 August 2017, the institution will surprise him by formally indicating that it would be extended by one year, which was the case.
