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Ministry of Finance: IMF negotiation progressing well

Some experts including renowned economist Kwame Pianim had alleged that the government is having a tough time in the ongoing negotiation with the IMF

The Ministry of Finance has debunked assertions suggesting that Ghana’s negotiation with the International Monetary Fund (IMF) has hit a snag because the fund does not see any seriousness on the part of the government.

Some experts including renowned economist Kwame Pianim had alleged that the government is having a tough time in the ongoing negotiation with the IMF.

However, the ministry said in a statement that such false statements could erode the confidence of investors in Ghana’s economy.

“The allegation that the negotiations are not going well is categorically untrue,” the statement said. “The IMF itself has on numerous occasions stated unequivocally that negotiations are progressing well and affirmed that both parties are fully committed to reaching a deal as soon as feasible.”

“Most regrettably, such unfounded and misleading statements undermine national efforts when introduced into public discourse.

“We caution that such falsehoods contribute to the erosion of stability in the Ghanaian economy and could unduly hold back the strong progress of negotiations so far,” the statement said.

Below is the full statement:

MoF Press Release False Claims About IMF Negotiations 301022 (1)

 

Fred Dzakpata

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