BusinessGeneral NewsNews

Ofori-Atta can handle IMF negotiations despite earlier opposition – Terkper

Former Finance Minister, Seth Terkper, does not think Finance Minister Ken Ofori-Atta will have a problem engaging the International Monetary Fund (IMF), despite his opposition to the bailout programme.

Though Mr. Ofori-Atta has spoken of his preference for local solutions to Ghana’s revenue challenges, Mr. Terkper said these do not constitute a formal opposition to the IMF.

“In the course of talking like any organisation, you may say certain things off record, but ultimately the bulk of work done is formal,” he said on Eyewitness News.

“When you are in Cabinet, you bow to the decision of Cabinet. There is nothing that says you shouldn’t express dissent, but when the situation is clear… you have to go,” Mr. Terkper said.

A delegation from the IMF is scheduled to arrive in Accra later today to start talks with the Ghanaian government over an economic support package.

The government announced on Friday that it would hold formal talks with the IMF.

This will be the 17th time Ghana is going to the IMF for help.

The move came after the Akufo-Addo government’s controversial revenue generation policy, the electronic transfer levy, failed to generate the needed revenue targets.

Ray Charles Marfo

Digital Marketing and Brands Expert

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button