Dr. Kwesi Botchwey, the leader of Ghana’s International Monetary Fund (IMF) negotiating team, has said that negotiations with the Fund are very much on track.
Speaking to the Daily Express Newspaper on Thursday, Dr. Botchwey said that apart from a few residual and statistical issues that remain to be resolved, fresh measures required to deal with the impact of the recent plunge in the prices of our key commodities on the 2015 Budget are being reviewed, in close consultation with the Fund Mission.
[contextly_sidebar id=”WU2Zo5GGhE4tiryf5UPTm2L0goGHAlBl”]‘’Once this has been completed, I expect and am confident that the Fund Mission will then launch the internal review processes that would culminate in the Fund Board’s consideration, and hopefully, approval of the program in the next several weeks”, he said.
Dr. Botchwey added that considering the difficult challenges and complex issues that needed to be addressed in the program, especially the president’s concern that the program achieves the twin objectives of macroeconomic stability and employment generating growth during the program period, the negotiations have gone pretty swiftly .
The International Monetary Fund in August last year announced it had received a formal request from Ghana to initiate discussions on an economic support programme which analysts say would strengthen the West African country’s home-grown measures aimed at stabilizing its economy.
The two parties have had series of meetings since.
–
Source: Daily Express Newspaper