Story By: Akua Oteng Amponsah
Ghana’s Deputy Minister of Finance, Thomas Ampem Nyarko, has reiterated the government’s commitment to maintaining fiscal discipline and steering the country’s economy without further dependence on the International Monetary Fund (IMF).
The Minister emphasized that the government’s economic framework, outlined in President John Dramani Mahama’s eight economic pillars, is strong and adaptable, allowing for the incorporation of additional national priorities.
Mr. Nyarko addressed concerns about the omission of corruption from the President’s economic pillars, stating that the framework is expandable and can include key concerns such as corruption.
“I want to assure everyone that the eight points President Mahama listed can be expanded to include corruption and other key concerns,” he said.
The Minister highlighted the government’s commitment to fighting corruption, citing the focus on Public Financial Management (PFM) as evidence of this intent. “PFM, by its nature, speaks to our resolve to fight corruption,” he stated.
Regarding the IMF programme, Mr. Nyarko reflected on the government’s successful implementation despite initial skepticism. “When we assumed office, there were serious concerns that we wouldn’t be able to deliver on the IMF programme,” he said, noting that the government had met key targets, including those related to inflation and the primary balance.
The Deputy Minister’s comments suggest that the government is confident in its ability to manage the economy and achieve its goals without further reliance on the IMF.
