{"id":36721,"date":"2014-08-04T11:12:24","date_gmt":"2014-08-04T11:12:24","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=36721"},"modified":"2014-08-04T12:54:21","modified_gmt":"2014-08-04T12:54:21","slug":"imf-bailout-a-stabilising-anchor-kwame-pianim","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/08\/imf-bailout-a-stabilising-anchor-kwame-pianim\/","title":{"rendered":"IMF bailout a stabilising anchor – Kwame Pianim"},"content":{"rendered":"

Economist and investment consultant, Kwame Pianim has described the government’s decision to apply for a bailout from the International Monetary Fund (IMF) as \u2018\u2019a stabilising anchor\u2019\u2019 that will re-position Ghana\u2019s economy for growth and macroeconomic stability.<\/p>\n

According to him, the decision to go back to the IMF only suggests the country is faced with a structural problem that has not been addressed.<\/p>\n

\u2018\u2019It seems there are some structural issues that we as a country have not adequately addressed; the issue now is the lack of policy credibility,\u2019\u2019 he reiterated on the Citi Breakfast Show<\/strong>.<\/p>\n

The founding member of the New Patriotic Party (NPP) also noted that Ghana needs the IMF support to grow the economy.<\/p>\n

He said Ghana must move away from the constant political busy cycle and allow government to govern.<\/p>\n

\u2018\u2019I think that we have to become politically matured and move away from the electioneering ; now Ghana is involved in almost four-year electioneering period\u2026,\u2019\u2019 he mentioned.<\/p>\n

Mr. Pianim stated that in matured economies it takes only three months to focus on electioneering and \u2018\u2019the rest of the time they allow government to govern.\u2019\u2019<\/p>\n

He called on Ghanaians to mature and vote against any politicians who \u2018\u2019come to spend their way through an election\u2019\u2019.<\/p>\n

\u2018\u2019This is the time when everybody who is interested in the welfare of the average Ghanaian should be involved in coming up with policy alternatives for us to be able to help the government to govern.\u2019\u2019<\/p>\n

I think we should move away with playing politics with the economy; that is the livelihood of the people; if the young people move unto the streets all of [us will suffer],\u2019\u2019 he said.<\/p>\n

Mr. Pianim added that once the economy is stabilised the business environment will become normal. \u2018\u2019Confidence is 50 percent of all economies; if people don\u2019t have confidence it doesn\u2019t matter what the realities of the economy is, perception turns to rule\u2026,\u2019\u2019 he said.<\/p>\n

President John Mahama, after a meeting with his Economic Advisory Committee, \u201cdirected that immediate initiatives be taken to open discussions with the International Monetary Fund and other Development Partners\u201d in support of the country\u2019s \u201cprogramme for stabilisation and growth\u201d.<\/p>\n

Finance Minister, Seth Terkper who spoke on the Citi Breakfast Show<\/strong> from Washington said \u2018\u2019[Ghana] is a member of the IMF and the doors to the IMF are open to us. And the IMF does not only come in when we\u00a0 [Ghana] apply for a programme with them\u2019\u2019.<\/p>\n

Mr. Terkper said Ghana has never closed the door to an IMF bailout.<\/p>\n

\u2018\u2019Yes we did do the home grown policy, we submitted it to the IMF, \u2026they accepted it; The IMF task monitored programme allows \u00a0countries develop their own programme in consultation with them, \u2018\u2019 he explained.<\/p>\n

He opined that what Ghana was doing was not alien to the IMF.<\/p>\n

 <\/p>\n

By: Evans Effah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

Economist and investment consultant, Kwame Pianim has described the government’s decision to apply for a bailout from the International Monetary Fund (IMF) as \u2018\u2019a stabilising anchor\u2019\u2019 that will re-position Ghana\u2019s economy for growth and macroeconomic stability. According to him, the decision to go back to the IMF only suggests the country is faced with a […]<\/p>\n","protected":false},"author":14,"featured_media":18377,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38,4],"yoast_head":"\nIMF bailout a stabilising anchor - Kwame Pianim - Citi 97.3 FM - Relevant Radio. 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