Finance Minister Seth Tekper has attributed Ghana\u2019s performance in the assessment by the International Monetary Fund\u2019s review committee to government\u2019s ability to implement efficient policies aimed at reducing the country\u2019 fiscal deficit.<\/p>\n
[contextly_sidebar id=”Ykel2SjwiosWF3yUox6Br3R6oanle1do”]The IMF in its latest review report released on Thursday commended the government for a satisfactory implementation of the program and meeting all the August 2015 performance criteria set.<\/p>\n
It further acknowledged of the government\u2019s preparedness to meet the challenges the election year might pose.<\/p>\n
Mr. Tekper who was speaking at the opening of the first Ghana International Petroleum Conference in Accra said Ghana\u2019s performance has been largely achieved through the removal of subsidies.<\/p>\n
\u201cAs we make progress with programs like the IMF hopefully if we are to get get out of IMF program and manage our own affairs, it comes down to we managing the sector efficiently. In other words we should continue to have the fiscal merging with the affairs of the private sector with oil distribution companies, importers, marketers and credit to them and in other cases, to the government\u201d, he said.<\/p>\n
\u201cWe should not see the progress we are making and see it only to the macroeconomic recoveries, it is about time the government moves away from just the macro-economy but also consider the real sector of the economy,\u201d Mr. Tekper added.<\/p>\n
The Executive Board of the IMF according to the report is also tentatively expected to consider the review of Ghana under the program proper by the end of the year after finalization of the required documentation.<\/p>\n
The Ghana International Petroleum Conference is on the theme, \u201cThe Changing Phase of Petroleum \u2013 Repositioning Industry.\u201d and is organized by the Chamber of Bulk Oil Distribution.<\/p>\n
The conference seeks to deepen the constructive role of the mid and downstream petroleum sector and foster stronger ties between industry players and policy makers.<\/p>\n
–<\/p>\n
By: Pius Amihere Eduku\/citifmonline.com\/Ghana<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Finance Minister Seth Tekper has attributed Ghana\u2019s performance in the assessment by the International Monetary Fund\u2019s review committee to government\u2019s ability to implement efficient policies aimed at reducing the country\u2019 fiscal deficit. [contextly_sidebar id=”Ykel2SjwiosWF3yUox6Br3R6oanle1do”]The IMF in its latest review report released on Thursday commended the government for a satisfactory implementation of the program and meeting […]<\/p>\n","protected":false},"author":14,"featured_media":165112,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[21,4],"yoast_head":"\n