The Wasington-based institution said the economic policies and reforms to be supported by the loan would be aimed at restoring macroeconomic stability and debt sustainability while protecting the vulnerable, preserving financial stability, and laying the foundation for strong and inclusive recovery.
“ The Ghanaian authorities have committed to a wide-ranging economic reform program, which builds on the government’s Post-COVID-19 Program for Economic Growth and tackles the deep challenges facing the country. “Structural reforms will be introduced to underpin the fiscal strategy and ensure a durable consolidation. These include developing a medium-term plan to generate additional revenue and advancing reforms to bolster tax compliance. This will help create space for growth-enhancing measures and social spending.
“Reducing inflation, enhancing resilience to external shocks, and improving market confidence are also important program priorities.“Accordingly, the Bank of Ghana will continue to strengthen its monetary policy framework and promote exchange rate flexibility to rebuild external buffers.
Source: Loan Digest (loandigest.net)
I belief by now,most of d Africa Nation must ve learnt der lesson from Ghana by now.IMF cannot solve any Africa problems,IMF loan is 2 undermine d local currency of d Africa countries dt are borrowing.We ve gud Africa economists dt cn propound economic theory 2?solve our problems
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