President Nana Akufo-Addo is certain the International Monetary Fund support government is looking for will assist with reestablishing macroeconomic solidness and restoring the upset economy. Nana Akufo-Addo says numerous nations across the world are experiencing a financial implosion.
Talking at the swearing-in of a few new Ambassadors and High Commissioners at the Jubilee House, Nana Akufo-Addo said Ghana’s economy will return.
“I’m certain that earnestly, difficult work, solidarity, and the so-called Ghanaian feeling of big business, we will succeed, we will make it and for sure everything good or bad must come to an end”.
He made sense that every one of the nations of the world was attempting to return themselves to a condition of predictability following the overwhelming effect of the pandemic whose impacts have been exacerbated by the Russian intrusion of Ukraine.
“Economies have been diving into the downturn, organizations have fallen, lives and occupations have been upset, food and fuel costs have raised emphatically as worldwide and homegrown expansion mount.”
“For our situation, we have chosen to see the coordinated effort with the International Monetary Fund to fix in the short run, our public funds, which have endured an extreme shot in exceptionally late times,” he added.
Worker’s organizations including TUC have thrashed the public authority for its choice to look for help from the asset. They said government depending on the IMF implies the economy will probably reel under a few limitations and controls to be forced by the asset.
Common society associations likewise communicated their disappointment at the public authority’s solicitation for a rescue from the IMF. They supported the worries of TUC saying the financial difficulty being persevered by individuals of government will deteriorate with IMF limitations.
Authorities of the IMF have proactively met the Finance Minister, Ken Ofori Atta, and a vital authority of the Finance Ministry to launch work on the bailout being looked for by Ghana. The gathering saw the IMF looking at the public authority’s monetary use and projections for the year 2022.