‘IMF Deal Won’t Solve All Of Ghana’s Problems’ – Dep. Information Minister Says | Politics

Deputy Minister for Data, Fatimatu Abubakar says the $3 billion mortgage from the Worldwide Financial Fund (IMF) aimed toward Ghana’s financial restoration just isn’t going to resolve all the nation’s issues.

In line with her, the IMF programme is to offer the required reliefs to Ghanaians by serving to authorities to roll out her programmes that can profit the nation however not that the cash will make all of Ghana’s issues go away.

Talking in an interview with Kwami Sefa Kayi on Peace FM’s “Kokrokoo”, the Deputy Minister nevertheless famous the conditionalities hooked up to the mortgage facility may have no antagonistic influence on Ghanaians.

“Actually, the IMF programme will not remedy all Ghana’s issues…On the finish of the day, if all of us, as residents, and authorities together with SOEs execute our duties successfully; I imagine the IMF conditionality will not have any impact on us.”

The IMF cash which is unfold over 3 years as the cash will probably be given in seven tranches with the primary tranche being the 600 million {dollars} already obtained by the Financial institution of Ghana for its supposed functions, to Hon. Fatimatu Abubakar, will assist the federal government to undertake social safety programmes to cushion the citizenry and likewise to beef up the power sector amongst different issues.

She was optimistic the IMF bailout is sweet for the nation, opposite to views that it’ll influence the nation negatively.

“In 1 / 4, inflation in Ghana has dropped between 53 to 41 %. There may be the prospect that it’ll drop additional even with out IMF however now that we’ve got the IMF, it’s going to speed up the drop in inflation price as projected”, she stated, including she has robust “religion that, by the point we’ll attain sixteenth April, 2026 when the IMF programme involves an finish, everybody may have the reduction that there’s stability and financial restoration”.