Ghana-IMF negotiation going well – Oppong Nkrumah

Information Minister Kojo Oppong Nkrumah has said that the negotiations with the International Monetary Fund (IMF) is going well contrary to the views of some that it is not doing so.

Mr Oppong Nkrumah said he has been part of the meetings with the Fund and can state emphatically that the discussions are going well.

Speaking on the News 360 on TV3 Monday October 31, the Ofoase Ayirebi lawmaker said “I remember many times when we said inflation had been brought down from 15 per cent to 7 per cent, people said but we don’t eat inflation but that was the value of stability.

“Today, when inflation crept at 37 per cent, though we don’t eat inflation we are all seeing how valuable stability is. The first measure of the president is to bring back stability by completing this IMF programme, it is the first thing you have to do.

“Today, we are very happy where we are  contrary to reports by some that the progremme is not going well, the IMF is not happy. It is not right, I have been in those meetings myself.”

Some critics, notably economist Kwame Pianim, have taken on the government about its commitment to the negotiations, claiming they are not going well.

“The IMF negotiation is not going well [and] I know this for a fact,” Mr Pianim had stated last week in an interview with TV3‘s Paa Kwesi Asare.

He called for the sacking of the Minister of Finance, Ken Ofori-Atta, whom he described as without credibility to lead negotiations with the Fund, precisely because he did not support the idea of going there in the early stages.

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“What the IMF is waiting for is a bold, credible pronouncement from the president as he did over the Covid.”

By Laud Nartey||Ghana


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