An IMF mission is set to visit Ghana this week for a possible third review of the 940 million fund programme signed with the country.<\/p>\n
The third review comes after the IMF expressed satisfaction in its second review in January, and approved 114 million dollars for Ghana.<\/p>\n
The mission as part of their visit will expect government to stabilize some macro indicators, while it works on cutting down on the central bank\u2019s financing of the budget deficit.<\/p>\n
The Director of African Department , Madam Antoinette Sayeh, who disclosed this in a press conference\u00a0 at Washington DC, USA; \u00a0stated that the board is \u00a0encouraged by Ghana\u2019s \u00a0effort to stick with the targets under the program to attain fiscal stability.<\/p>\n
\u201cWe are encouraged by the fact that the government has made quite an effort to stick with the targets under the program and the fiscal is on track\u201d, she said adding that\u00a0 \u201cone of the objectives of the program in \u00a0is to help the government contain and reduce debt through performance in increasing the primary fiscal balance\u201d,<\/p>\n
According to her, the programme aims at limiting the need for financing through debt—whether domestic or foreign.<\/p>\n
\u201cGhana is making progress in that regard. Of course, people see the fact of the financing last year that was done in the form of the sovereign bond issue and the expense of that is something that undermines debt sustainability\u201d, she pointed out.<\/p>\n
Ghana signed up for the IMF \u00a0programme in April 2015 after\u00a0 fiscal instability \u00a0triggered a 12% over-expenditure in the 2013.<\/p>\n
Ghana has since seen an injection of two tranches as part of the 940 million dollars contract.<\/p>\n
–<\/p>\n
By: Lawrence Segbefia\/citibusinessnews.com\/Ghana\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" An IMF mission is set to visit Ghana this week for a possible third review of the 940 million fund programme signed with the country. The third review comes after the IMF expressed satisfaction in its second review in January, and approved 114 million dollars for Ghana. The mission as part of their visit will […]<\/p>\n","protected":false},"author":14,"featured_media":15848,"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":[32,171,11],"tags":[],"class_list":["post-207489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-local-economy","category-top-stories"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/207489","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\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=207489"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/207489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/15848"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=207489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=207489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=207489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}