{"id":350358,"date":"2017-09-03T14:41:14","date_gmt":"2017-09-03T14:41:14","guid":{"rendered":"http:\/\/citifmonline.com\/?p=350358"},"modified":"2017-11-10T12:33:06","modified_gmt":"2017-11-10T12:33:06","slug":"npps-extension-of-imf-programme-prudent-casely-hayford","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/09\/npps-extension-of-imf-programme-prudent-casely-hayford\/","title":{"rendered":"Extension of IMF programme prudent – Casely Hayford"},"content":{"rendered":"
Financial Analyst Sydney Casely Hayford has rubbished assertions the New Patriotic Party government is essentially admitting failure in the management of the economy, following the extension of Ghana\u2019s programme\u00a0with the International Monetary Fund (IMF).<\/p>\n
The extension also prompted critics to accuse the Akufo-Addo administration of being hypocritical as President Nana Akufo-Addo, as recently as July 2017, assured that his government would\u00a0not extend the programme after it ended on December 2018.<\/p>\n
[contextly_sidebar id=”PHF3xhvx5XuDyOLdP7heu31YDhuJZPUQ”]But the IMF,\u00a0upon concluding its fourth review of Ghana\u2019s programme in August 2017, extended the programme\u00a0by one year and approved a $94.2 million disbursement.<\/p>\n
Blaming gov’t unfair<\/strong><\/p>\n First off, Mr. Casely Hayford noted on The Big Issue<\/strong> that it was “very unlikely that the government, in its isolationist’s view will go and say we want to extend the programme.\u201d<\/p>\n Thus any criticism thrown government’s way would be unfair because “if the IMF suggested that we [NPP government] extend for one year then why are you blaming government for extending the progamme?\u201d<\/p>\n He also expressed confidence in the current government to navigate this extension with prudent policies.<\/p>\n “The reason why we are doing what we are doing is because, we now think we have a credible government with a strong financial team which has a good financial team with good pragmatic solutions for solving the problems we are facing, and they are proving it.\u201d<\/p>\n