A team from the International Monetary Fund (IMF), led by Jo\u00ebl Toujas-Bernat\u00e9, on a third review of Ghana\u2019s programme with the IMF has questioned some legislations passed by parliament recently.<\/p>\n
According to the team, \u201coutstanding questions remain with regards to certain elements of the legislation recently passed by Parliament and discussions will continue\u201d.<\/p>\n
Parliament recently passed the Bank of Ghana Amendment Bill which was critical to the IMF conditions in granting the central bank power, as well as eliminate government\u2019s budget financing by the BoG to zero percent.<\/p>\n
Parliament however kept the cap at 5 percent.<\/p>\n
The release, which was copied to Citi Business News stated that the team visited Accra from August 29 to September 2, 2016 to continue discussions on the third review of Ghana\u2019s financial and economic program supported by the IMF\u2019s Extended Credit Facility (ECF)<\/p>\n
It stated\u00a0 that the team \u00a0had \u00a0constructive discussions with the authorities during\u00a0 the week on a few outstanding issues.<\/p>\n
\u201cThe discussions focused mainly on updating the macroeconomic projections, firming up the fiscal outlook for 2016, and ascertaining that financial pressures faced by the main State Owned Enterprises (SOEs) in the energy sector will not pose additional risks to the central government budget,\u201d it said.<\/p>\n
\u201cThe mission met with H.E. President John Dramani Mahama; Finance Minister Seth Terkper; Bank of Ghana Governor Dr. Abdul-Nashiri Issahaku; and other senior officials”.<\/p>\n
–<\/p>\n
By: Lawrence Segbefia\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
A team from the International Monetary Fund (IMF), led by Jo\u00ebl Toujas-Bernat\u00e9, on a third review of Ghana\u2019s programme with the IMF has questioned some legislations passed by parliament recently. According to the team, \u201coutstanding questions remain with regards to certain elements of the legislation recently passed by Parliament and discussions will continue\u201d. Parliament recently […]<\/p>\n","protected":false},"author":14,"featured_media":245591,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171,11],"tags":[],"yoast_head":"\n