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Closing IMF Deal Before 2023 Budget Will Be Detrimental - Ato Forson

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Cassiel Ato Forson, the minority party's spokesperson on finance, has questioned the government's motivation to reach an agreement with the IMF before the drafting of the 2023 budget.

“I doubt in the next six weeks we are going to have a programme. That will be a magic of a lifetime,” he said on Eyewitness News.

Any agreement reached prior to the 2023 budget, in his opinion, will not serve Ghana's interests.

“It will mean we are just going to be yes men and accept everything they say,” said Mr. Forson.

In preparation for a $3 billion support program, the Ministry of Finance and the Bank of Ghana have started a thorough debt sustainability review with the IMF.

The discussion with the IMF comes amid fears that Ghana is set to begin talks with domestic bondholders about restructuring its local-currency debt.

The government pledges to work with the International Monetary Fund to negotiate a comprehensive package with the goals of restoring and maintaining macroeconomic stability, ensuring sustainable and inclusive growth, and advancing social protection.

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Bank of Ghana Cassiel Ato Forson Forson IMF Ministry of Finance


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