2019 budget marks Ghana’s exit from IMF program – Information Minister

Information Minister, Kojo Oppong-Nkrumah says the 2019 budget
signals Ghana’s exit from the International Monetary Fund
program.
Addressing the press on Wednesday, November 7, 2018, Mr.
Oppong-Nkrumah expressed hopes of a successful exit from the
IMF after the Akufo-Addo administration has managed to
addressed targets under the program in its first two years.
According to him, government sought about US$ 918 million under
the program, spread over three years.
“The 2019 budget will mark the beginning of Ghana’s exit from the
IMF program under which we sought almost 918 million dollars,
over three years with conditions attached. The administration has
in the first 2 years raced to correct spillages from set targets under
the program and is hopeful for a successful exit at the end of this
year,” Oppong-Nkrumah disclosed.
Echoing President Akufo-Addo’s assuring words on the 2019
budget, Oppong-Nkrumah asserted that the Finance Minister, Ken
Ofori Atta will "demonstrate to Ghanaians how, as we exit the IMF
program, government intends to’ improve their standard of living."
“The Honourable Minister of Finance will demonstrate to
Ghanaians how the Akufo-Addo administration intends to maintain
fiscal discipline, increase liquidity in the Ghanaian economy,
sustain the heightened growth which has been restored, invest in
massive infrastructure without compromising on debt
sustainability and expand credit to the benefit of small and medium
scale enterprises,” he noted.

Ken Ofori Atta, will deliver the 2019 budget and policy statement of
the government on November 15. This comes at a time over one
million Ghanaians, according to the Centre for Socioeconomic
Studies (CSS) lost their jobs since 2017.
The job cuts span the industrial, banking and mining sectors as
well as the media and services sector.

source:ghanaweb.com