IFS

01 Mar

Ghana Will Secure IMF Programme But Government Not Doing Its Homework Well – IFS Senior Fellow

wontumionlineBusinessDr. Said Boakye, IFS, imf

A Senior Research Fellow at the Institute of Fiscal Studies, Dr. Said Boakye, has said that Ghana will secure an International Monetary Fund programme despite the slow pace in meeting some key criteria. He, however, maintained that the deal will take some time to be achieved. The country is undertaking a debt restructuring with its external creditors, whilst pursuing a fiscal consolidation programme. But Dr. Boakye tells Joy Business that the government is its own enemy by failing to adhere to principles of the Fund programme. “I believe that in the end, Ghana will be able to secure a deal…

17 Aug

Mid-Year Budget Failed To Give Hope To Ghanaians; Consult CSOs For Help – IFS To Government

wontumionlineBusinessIFS

The Institute for Fiscal Studies (IFS) has described the 2022 Mid-Year budget as not addressing the country’s true economic challenges. According to the IFS, the solutions presented by government do not address the fundamental challenges affecting the economy, hence the recent rapid depreciation of the cedi, rising inflation rate and growing debt stock. Speaking at a press conference, Senior Economist with the IFS, Dr. Said Boakye said government must admit it needs help and consult all stakeholders for assistance including Civil Society Organisations (CSOs). “Why is the government pursuing such a weak fiscal consolidation strategy in the face of the…