IMF programme will help gov’t; it’ll ensure NPP breaks the 8 – Addai-Nimoh

A programme under the International Monetary Fund (IMF) will help the Government of Ghana to address the challenges that have been actuated by force majeure, a former Member of Parliament for Mampong, Francis Addai-Nimoh has said.

In his view, this will help the governing party to break the 8-year electoral cycle in the 2024 general elections.

“From this time to the end of 2024, the IMF programme will help and that should inure to the party,” he told Johnnie Hughes on the New Day show on TV3  Tuesday September 27.

He further indicated that all the New Patriotic Party (NPP) needs is unity and also a vibrant person to lead the party into the next elections.

“I am advocating for a new face from the government,” he stressed.

The Ministry of Finance and the Bank of Ghana have commenced discussions with the IMF for an IMF-supported programme.

A key prerequisite for a programme is confirmation that Ghana’s debt is on a sustainable path.

This will require a comprehensive Debt Sustainability Analysis (DSA), which is currently ongoing.

A statement issued by the Finance Ministry on Monday September 26 said the Government of Ghana is putting together a comprehensive post Covid-19 economic programme which will form the basis for the IMF negotiations.

“The programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability underpinned by key structural reforms and social protection.

“Government negotiations with respect to the IMF-supported programme is commencing this week and we are optimistic about making progress in our discussions.

“Government remains committed, and shall continue to actively engage all stakeholders, both public and private, in a clear and transparent manner as we seek to fast-track this process.”