Saturday, 03 June

IMF deal: We can go back to int’l market but we’ll be disciplined – Akufo-Addo

Nana Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has disclosed plans to return to the international market to borrow to fund critical infrastructural projects following the successful completion of Ghana’s $3 billion deal with the International Monetary Fund (IMF).

Speaking at the Qatar-Africa Economic Forum in Doha, Mr AKufo-Addo said even though his government is not in a rush to return to the international market, it makes sense to take advantage of the market now and make some savings.

“We have positioned ourselves to be able to go back into the international market which had been a source of funding for us during the first three or four years of our government,” the president said.

He added: “There is no rush but obviously why not take advantage of global savings? It makes a lot of sense to me.

"We will try as much as possible to maintain the discipline which is required and the most important requisite for a successful programme.”

Source: Mensah