Dr. Leandro Medina

The economy is displaying promising signs of progress following a series of robust economic reforms aimed at achieving macroeconomic stability and sustainable growth, Dr. Leandro Medina – the IMF Resident Representative in Ghana, has said. The IMF Resident Representative highlighted the favourable outcomes of these reforms, shedding light on the country’s focus on fiscal consolidation, debt sustainability and inclusive growth, supported by the International Monetary Fund bailout. “We’re witnessing substantial headway on all fronts: restoring macroeconomic stability, ensuring debt sustainability and laying the groundwork for inclusive growth. Good progress is being made on all these fronts,” Dr. Medina told the B&FT. He…

International Monetary Fund Resident Representative, Dr. Leandro Medina, says the IMF is expecting Ghana to undertake a large and front loading fiscal consolidation exercise within the three years the country will be subscribed to the IMF. According to him, this will be done through revenue mobilization and making government expenditure more efficient. Ghana has recently received Executive Board approval from the IMF for its $3billion bailout following the country’s ejection from the international capital market after reaching unsustainable debt levels. Speaking on JoyNews’ PM Express Business Edition, Mr. Medina stated that austerity measures to be enforced as part of the…

International Monetary Fund Resident Representative, Dr. Leandro Medina, says the IMF will be supporting the government improve upon transparency and governance in the course of Ghana’s IMF programme. According to him, the government has already commenced steps to address governance and transparency issues, and will be receiving the full support of the IMF in that regard. “In terms of governance and transparency, we really take it seriously, there is a lot in the staff report, in the programme document you will see there are different dimensions that we’ll look into and we really support the effort of authorities again trying…