Running mate of the New Patriotic Party(NPP), Dr Mahamudu Bawumia has delivered a lecture on the IMF bailout deal and its economic implications on the West African country at Central University College.
The lecture was the 4th in a series of lectures organised by the Central University College under the school’s Distinguished Speaker Series.
His lecture was under the theme “IMF bailout; will the anchor hold?”
“When a country makes a request for IMF financial assistance, the IMF designs a program in collaboration with the country’s authorities to deal with the ailment diagnosed as causing the underlying balance of payments difficulties. Continued IMF financing under these circumstances, is conditional on the effective implementation of the designed program. In doing so, the IMF takes measures to safeguard the resources of its member countries that are being lent. The IMF is not a charity.”
Click here for the full speech by Dr. Mahamudu Bawumia
By: cititfmonline.com/Ghana