IMF bailout process begins in January – Mahama • President John Mahama has revealed that the International Monetary Fund (IMF) bailout process expected to elevate Ghana from its economic woes will begin in January 2015. • According to the President, the IMF and the World Bank would collaborate to ensure a sustainable growth path for Ghana’s economy. • Ghana’s economy has faced numerous challenges recently, amidst rising inflation, a depreciating currency, high budget deficit amongst others, hence the decision to turn to the IMF. • Speaking at an Investment Working Lunch for African Heads of State and Government at the New York Stock Exchange, President John Mahama said he expects the IMF programme being considered by his government to create a strong social intervention plan which will cushion the poor. • President Mahama was hopeful such a move will create an enabling environment for the private sector to grow and also increase foreign direct investment as well as boost domestic investments. By JM Manifesto Watch
Posted on: Thu, 25 Sep 2014 18:12:39 +0000
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