Ghana is happy to have IMF perusing its books even after the bail-out deal ends
Accra — Ghana will continue to subject its public finances to the scrutiny of the International Monetary Fund (IMF) after its bail-out programme with the lender ends in April, finance minister Ken Ofori-Atta said. While the government does not intend to ask for a second bail-out deal, it will seek other forms of co-operation with the IMF such as the policy support instrument programme, Ofori-Atta said in an e-mailed response to questions. Countries that sign up for the program commit themselves to "close policy dialogues" and half-yearly assessments of economic and financial policies, according to the IMF. "This is appropriate for our status and in line with our medium-term economic policy reforms," said Ofori-Atta. Ghana will "take seriously" the IMF’s assessments of its economic health to prevent future financial problems, he said. The West African nation turned to the IMF in 2015 for an almost $1bn extended credit-facility programme, after years of overspending and a collapse in ...
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