An economist at the University of Ghana, Legon, Professor Godfred Bokpin has warned government over a tough International Monetary Fund ( IMF) third review scheduled for this week.
An IMF mission is set to visit Ghana this week for a third review of the 940 million dollar fund programme signed with the country.
The third review comes after the IMF expressed satisfaction in its second review in January, and approved 114 million dollars for Ghana.
Ahead of the visit, Professor Bokpin, is cautioning government the IMF board will be tough in assessing government’s performance on how it has stabilized some macroeconomic indicators .
“We have had two successful reviews; but we all knew that there were certain structural reforms that were missed. We couldn’t meet them, there were other macro level targets that we couldn’t meet, interest rates, inflation rate and all of that”, he said.
He stated that the IMF mission will demand that all the performance indicators are effectively worked on.
He pointed out that the mission will also press on government to tighten fiscal discipline to reduce the central bank’s financing of the budget deficit.
“There are some indicators that have come up in all the review and key among them is the zero financing of the budget deficit from the central bank”, he said.
By: Lawrence Segbefia /citibusinessnews.com /Ghana
