{"id":38291,"date":"2014-08-11T08:58:09","date_gmt":"2014-08-11T08:58:09","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=38291"},"modified":"2014-08-11T08:59:16","modified_gmt":"2014-08-11T08:59:16","slug":"govt-not-desperate-for-imf-financial-support-mahama","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/08\/govt-not-desperate-for-imf-financial-support-mahama\/","title":{"rendered":"Gov&#8217;t not desperate for IMF financial support &#8211; Mahama"},"content":{"rendered":"<div>\n<p>President John Dramani Mahama has stated that the government is not on a desperate adventure for financial support from the International Monetary Fund (IMF).<\/p>\n<\/div>\n<div>\n<p>However, he said, if the discussion to be entered into with the Fund resulted in any money, the government would welcome it.<\/p>\n<p>\u201cIf it comes with money, that is fine,\u201d President Mahama said in an interview with Bloomberg TV Africa in Washington.<\/p>\n<p><strong>Explanation<\/strong><\/p>\n<p>In his first public comment on the IMF issue, the President explained that the support the government was seeking from the IMF centred on a discussion and a programme the government was looking at.<\/p>\n<p>Ghana has decided to enter into discussions with the Bretton Woods Institution to support her home-grown economic recovery programme.<\/p>\n<p>Some critics see the move as going for a bailout, but government ministers have persistently denied that.<\/p>\n<p>Ghana is going through one of its most difficult economic times in its 57-year-old history, with the national currency plummeting about 40 per cent against the dollar this year.<\/p>\n<p><strong>Investor confidence<\/strong><\/p>\n<p>President Mahama expressed the hope that the IMF&#8217;s assistance would help build investor confidence in the country.<\/p>\n<p>\u201cIf having a closer relationship with the IMF will give that confidence to our partners to be able to work together to achieve that, we are happy to do that,\u201d he said.<\/p>\n<p>President Mahama said the government was getting ready to sell $1.5 billion in Eurobonds by the end of August this year.<\/p>\n<p>He said the decision to move the nation from a lower middle-income to a middle-income country was on course.<\/p>\n<p>The IMF has, in a response to the government\u2019s request, declared its readiness to help Ghana overcome its economic challenges.<\/p>\n<p>A statement from the Fund said the institution would send a team to Ghana in early September to begin the discussion with the Ghanaian authorities.<\/p>\n<p>Ghana is the second country in sub-Saharan Africa to move to the IMF for assistance this year.<\/p>\n<p>The first was Zambia, which in June, this year, sought talks with the Fund.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/graphic.com.gh\/news\/politics\/28619-government-not-desperate-for-imf-financial-support-prez-mahama.html\" target=\"_blank\"><strong>Source: Graphic Online<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President John Dramani Mahama has stated that the government is not on a desperate adventure for financial support from the International Monetary Fund (IMF). However, he said, if the discussion to be entered into with the Fund resulted in any money, the government would welcome it. \u201cIf it comes with money, that is fine,\u201d President [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":38293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov&#039;t not desperate for IMF financial support - Mahama  - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2014\/08\/govt-not-desperate-for-imf-financial-support-mahama\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov&#039;t not desperate for IMF financial support - Mahama  - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"President John Dramani Mahama has stated that the government is not on a desperate adventure for financial support from the International Monetary Fund (IMF). However, he said, if the discussion to be entered into with the Fund resulted in any money, the government would welcome it. \u201cIf it comes with money, that is fine,\u201d President [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2014\/08\/govt-not-desperate-for-imf-financial-support-mahama\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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