ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

IMF deal: We’re hoping the process is not derailed – Kweku Kwarteng

Fri, Apr 14 2023 1:36 AM
in Business, Ghana General News
imf deal were hoping the process is not derailed kweku kwarteng
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT

ReadAbout

ECG deploys emergency teams to stabilise power supply in Obuasi

Reduce interventions in the forex market – IMF to Bank of Ghana

Ghana’s IMF programme hit by major policy slippages and reform delays

kweku kwarteng

Chairman of Parliament’s Finance Committee, Kweku Kwarteng (R) appeared on PM Express Business Edition to speak on the progress of Ghana’s IMF deal

Chairman of Parliament’s Finance Committee, Kweku Kwarteng, says while he is confident Ghana will get an IMF deal in the shortest possible time, the real challenge is to get the country’s external creditors to stick to their commitment once the programme has been rolled out.

One of the requirements for Ghana’s external debt restructuring was for the country to get the commitments of its external debtors to support it as it completed the three-year programme.

However, despite some strong public assurance that the country will be supported throughout the IMF process, the fear of possible derailment by some bilateral donors is very palpable as these commitments are not binding.

[embedded content]

“What is really important is that we get a programme and the programme does not derail. By derail, what I mean is, all these commitments that are coming, your bilateral partners are saying that we commit to helping you along this path, and they’re making those commitments to you because you yourself have committed in your budget to do some things.

“So they give a commitment, your creditors also give commitment. These are not direct reliefs, they’re indications that we’re willing to move this journey with you. Now on the back of that, the IMF is willing to give you a programme. You’ll get the first tranche, and then you must now proceed and get the commitment, actualise the commitment that you got.

“So if you had China that said ‘I would help you’, after the first payment comes, the IMF is expecting to see what exactly China would have done for you by the time the second review happens. For me, that is where the challenge really is,” he said on JoyNews’ PM Express Business Edition.

He added that, while he is confident the country will get all the needed commitments to proceed with the IMF deal, he is hoping that all of the country’s bilateral donors stick to their commitment when the deal is finalised and underway.

“These are commitments and it’s very easy to get. And in fact, it’s one of the boxes you must tick that you must even have a good faith engagement with your private creditors. I mean, these are very technical things so we’ve had that yesterday and that box has been ticked. I am sure that the boxes will be ticked,” he assured.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policies of Homebase Television Ltd.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

NPP drags EC to court for contempt in Ablekuma North dispute

NPP drags EC to court for contempt in Ablekuma North dispute

0
We have done our part in preserving cedi’s true value – BoG Governor 

We have done our part in preserving cedi’s true value – BoG Governor 

0

Former British PM Rishi Sunak takes job at Goldman Sachs

Nigeria insurgents, bandits kill more in first half of 2025 than in all of last year

US gov’t transfers radiation identification equipment to Ghana Nuclear Regulatory Authority

There are days you wonder why you married him, says Omotola on realities of marriage

Sean ‘Diddy’ Combs to be sentenced on October 3

You used our data, now you want a rerun? – NPP’s Justin Kodua blasts EC over U-turn

Ablekuma North: We knew our candidate had won before going to EC – Justin Frimpong Kodua

Hospitals in Kenya capital, nearby town vandalised during protests

  • Ghana and Japan agree to pursue UN Security Council reforms

    Ghana and Japan agree to pursue UN Security Council reforms

    0 shares
    Share 0 Tweet 0
  • I resigned because of Prez. Mahama, NDC – former GBA President

    0 shares
    Share 0 Tweet 0
  • Rastafarian student Oheneba Nkrabea graduates from GIS after Achimota saga

    0 shares
    Share 0 Tweet 0
  • Perseus Mining Ghana announces leadership transition

    0 shares
    Share 0 Tweet 0
  • Western Region police arrest 44 suspects in major ‘galamsey’ raid

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.