Home / GENERAL NEWS / Government Will Confront IMF Conundrum Head-On In Coming Weeks – Information Minister Reveals

Government Will Confront IMF Conundrum Head-On In Coming Weeks – Information Minister Reveals

Spread the love

The Minister of Information, Kojo Oppong Nkrumah, has said the government will decide whether to seek the support of the International Monetary Fund (IMF) to help address the country’s economic challenges in the coming weeks.


The Information Minister said he does not currently have a brief that indicates that the government has taken a decision whether to go for an IMF programme or not

Speaking with Beatrice Adu on The Big Bulletin on Asaase Radio on Thursday (30 June), Oppong Nkrumah said, “I expect the government in the coming weeks to confront the question [whether to go to the IMF or not] head-on.

See also  ‘More Dollars To Be Injected Into Economy Soon’ - Information Minister Reveals

“There’s been a lot of admonishing on the government to go for a Fund programme. There’s also been a lot of commentary by academics and experts and for example, the TUC that the government should not go for a Fund programme.”


He added, “Remember, we are already members of the Fund. We take money already from the Fund; Are we going to go for a programme properly so-called, in which when you take money, there are conditions attached to it? I think that is the conversation that people are having.

See also  Chieftaincy Ministry's Case Amongst Others Confirm NABCO Has Not Ended As Doomsayers Claim


With domestic revenue mobilization not performing to budgetary expectations, coupled with the inability to raise money from the international capital market due to the downgrade of the economy by credit rating agencies, some experts have suggested to the government to seek the support of the International Monetary Fund (IMF).



However, the Lawmaker for Ofoase Ayeribi,  Oppong Nkrumah added: “There’ve been two sets of admonishing on government. Now that all the data and all the assessments are coming together, I expect that in the coming weeks, the government will have to confront that question and take a firm decision on that.

See also  Full Text: Bawumia’s Speech On Ghana’s IMF Return






























Source: Asaase Radio





Disclaimer: MyGhanaMedia is not responsible for this report and its content. There are four types of content published on MyGhanaMedia daily: curated content; syndicated content; user-generated content; and original content.


Send your news stories to [email protected] and Chat with us via WhatsApp on +233 200818719





About Adwenpa-Hene

I'm Adwenpa-Hene |Blogger & Broadcaster Journalist. I am the CEO and manager of this noble website. I publish on Entertainment, Sports, Politics, Lifestyle, and Technology. You can also follow Us on : YouTube Channel - My Ghana Media TV, Facebook - MyghanaMedia TV , Twitter - @MyGhanamedia2 & Instagram - My Ghana Media TV. Email Address: [email protected] Contact Us: 0200818719

Check Also

Black Stars Arrive In Lorca For Nicaragua Friendly [Photos]

Spread the love The Black Stars have safely landed in Lorch, Spain for the international …

Leave a Reply

Your email address will not be published.