{"id":108501,"date":"2015-04-15T11:00:09","date_gmt":"2015-04-15T11:00:09","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=108501"},"modified":"2015-04-15T11:12:44","modified_gmt":"2015-04-15T11:12:44","slug":"imf-warns-govt-on-bailout-measures","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=108501","title":{"rendered":"IMF warns Gov&#8217;t on bailout measures"},"content":{"rendered":"<p style=\"text-align: justify;\">The Managing Director of the International Monetary Fund (IMF), Christine Lagarde is calling on government to adhere strictly to measures agreed with the IMF as a sure way of reviving the economy.<\/p>\n<p style=\"text-align: justify;\">[contextly_sidebar id=&#8221;WubKTFP2EJT12JXoohbLfrKP7oig2PEQ&#8221;]She further indicated that the country must also implement those measures intended to diversify the economy to reduce vulnerabilities.<\/p>\n<p style=\"text-align: justify;\">Ms Lagarde said this when she responded to questions from the Daily Graphic on Tuesday.<\/p>\n<p style=\"text-align: justify;\">According to her Ghana made tremendous strides over the past 15 years and ranked among the fast growing countries in Africa that\u00a0 have\u00a0 made significant progress in poverty reduction, but the discovery of oil might have given the illusion that\u00a0 the public finance imbalances would get resolved easily.<\/p>\n<p style=\"text-align: justify;\">She said the key to success lies in Ghana\u2019s commitment to put in place measures that address the underlying causes of the huge budget deficits we have seen in the past.<\/p>\n<p style=\"text-align: justify;\">The IMF board \u00a0approved a bailout programme for Ghana and the <span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/contextly.com\/redirect\/?id=qIVlLgNj76:105910:2534:13::Mez417QoFjq2fQmE0DmbjlK77:only_previous:552dff3b573955-82670178\" target=\"_blank\"><strong>first tranche of $114 million<\/strong><\/a> <\/span>out of the $914 million has been released to the nation.<\/p>\n<p>Minister of Finance, Seth Terkper\u00a0has said the first tranche of the IMF bailout fund will go a long way <span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/4cd.e16.myftpupload.com\/2015\/04\/07\/imf-cash-will-supplement-govt-funds-seth-terkper\/#sthash.LERxCkD2.dpbs\" target=\"_blank\"><strong>in supporting Ghana&#8217;s economy<\/strong><\/a>.<\/span><\/p>\n<p>He argued that the first \u201ctranche is what we need and then there would be IMF review that are coming,\u201d insisting that \u201cWhat is happening to the cedi is fiscal.\u201d<\/p>\n<p style=\"text-align: justify;\">&#8211;<\/p>\n<p style=\"text-align: justify;\">Betty Kankam Boadu\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Managing Director of the International Monetary Fund (IMF), Christine Lagarde is calling on government to adhere strictly to measures agreed with the IMF as a sure way of reviving the economy. [contextly_sidebar id=&#8221;WubKTFP2EJT12JXoohbLfrKP7oig2PEQ&#8221;]She further indicated that the country must also implement those measures intended to diversify the economy to reduce vulnerabilities. Ms Lagarde said [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":94551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[43,38,4],"class_list":["post-108501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-foresight-medical-center","tag-palaver-newspaper","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/108501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=108501"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/108501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/94551"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}