The Association of Ghana Industries (AGI) is asking government to actively involve industry in its engagement with the international Monetary Fund (IMF).
They argue this will ensure that any program entered into with IMF is beneficial to the economy.
Government has indicated it is heading to the IMF for a programme to get the economy back on track.
Speaking to Citi Business News, AGI president, James Asare Agyei indicated that the AGI is ready to lend its support so the country can get value for money at the side-lines of the launch of the second quarter Business Barometer Report by the Association of Ghana Industry.
The report revealed that business confidence has worsened since 2009.
“There is the need to involve industry; there is the need to involve broader stakeholders so that in the process of the negotiations, we can get the best for the country. We know that IMF interventions comes with some conditionalities but if we negotiate and keep discussing at a level where we are ready to get the best out of it, it will not come with whole sale conditionalities.”
James Asare Adjei added that the AGI will welcome directives from the IMF which would help ensure fiscal discipline
“What we need is fiscal discipline in our economy, so any action or directive that would streamline whatever excesses that are happening in terms of our fiscal indiscipline is very welcomed by industry.”
By: Norvan Acquah–Hayford/citifmonline.com/Ghana
