Ghana team in US to fine-tune IMF bail out

Ghana’s team is in the US for final talks on the International Monetary Fund (IMF) economic programme set to start in January 2015.
The team is expected to be part of two days of annual meetings of the Fund and the World Bank.
At a one-day retreat of government appointees on Wednesday, October 8, President John Dramani Mahama said Ghana’s team is led by Dr Kwesi Botchway with Minister of Finance Seth Terkper and Governor of Bank of Ghana Dr Kofi Wampah as members of the technical team.
The team also includes ministers of Employment and Labour Relations, Gender, Children and Social Protection and Trade and Industry.
President Mahama said Ghana’s commitments to the three-year IMF programme are being pursued in five areas:

  • reduction of the public sector wage bill
  • reducing expenditure and improving efficiencies
  • raising revenue
  • addressing the issue of debt stock
  • developing strong social development and social protection policies.

The IMF programme is expected to begin in January 2015.
Credit: TV3network

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