Government not interested in renegotiating IMF deal extension – Ato Forson

Finance Minister, Dr. Cassiel Ato Forson, has made it clear that the Mahama-led administration is not considering renegotiating the extension of the International Monetary Fund programme.

According to him, the government is fully focused on completing the current programme and ensuring the stabilisation of Ghana’s economy.

In a joint press conference, Dr. Forson stated that the government’s priority is to achieve the programmes objectives.

He further explained that renegotiating would imply a lack of confidence in the programme, which is not the case for the current administration.

“Renegotiating pre-supposes that you don’t believe in the programme and so you want to open up the conversation to look at other parameters of the programme that isn’t the position of the government. The government is committed to the implementation to achieve the objectives of the IMF programme”, he said.

Dr. Forson also announced that the government will soon launch a Public Financial Management (PFM) Commitment Control Compliance League Table.

This initiative aims to monitor and publish the level of compliance by Ministries, Departments, and Agencies (MDAs) with fiscal commitments under the PFM Act.

“We have commenced the operationalisation of the Compliance Desk at the Ministry of Finance to monitor MDA’s compliance with their fiscal commitments under the PFM Act.”

“We will soon begin the publication of a PFM Commitment Control Compliance League Table which will show MDA rankings based on the level of compliance and non-compliance with the PFM commitment controls and expenditure monitoring measures”, he added.

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