The Chief Executive Officer of Dalex Finance -Ken Thompson, has warned Ghana may miss some of its targets in the next International Monetary Fund (IMF) review.
According to Ken Thompson, current economic indicators like inflationary trends, increased borrowing and the monetary policy rate does not support the country’s ability to meet the IMF review targets.
According to the IMF, Ghana performed broadly satisfactorily in its second review.
The next review, which will be the third since Ghana engaged in the economic bailout with the Bretton Woods institution is expected to take off soon.
In an interview with Citi Business News, Ken Thompson said though Ghana will miss some of the targets it may sail through because the IMF is likely to grant some waivers.
“We may not meet all the targets set but I think overall, we should pass the assessment because both parties realize the implications of not passing the assessment. If we don’t pass, it will not be good for the IMF and it will also not be good for the government as well,” he stated.
The Dalex Finance boss further intimated, “We may miss some targets but I don’t think that will result in a failure. I am sure the government will broadly be in line. What I am hoping is that the IMF will give the assessment in English so that everybody can understand what the issues are and support the government to do better next time.”
By: Norvan Acquah-Hayford/citibusinessnews.com/Ghana