Finance Chief Amin Adam pledges adherence to IMF Programme; continuity of pro-poor initiatives and fiscal responsibility

Dr. Mohammed Amin Adam, the newly appointed Finance Minister of Ghana, has reaffirmed the government’s commitment to the ongoing programme in collaboration with the International Monetary Fund (IMF). This assurance comes amidst a ministerial reshuffle, with Dr. Amin Adam taking over from Ken Ofori-Atta.

In an interview on the Citi Breakfast Show, Dr. Amin Adam emphasized the government’s determination to adhere to the course laid out in partnership with the IMF. He underscored the importance of maintaining continuity, particularly with regards to pro-poor initiatives outlined in the recent budget presentation.

Dr. Amin Adam also highlighted the government’s intention to expedite the implementation of tax reliefs and ensure the protection of vulnerable segments of society.

Furthermore, Dr. Amin Adam acknowledged Ghana’s commitment to the IMF programme, emphasizing the importance of keeping it on track. He assured both the IMF and the business community of his dedication to maintaining the programme’s integrity and preventing any deviations from its objectives.

“If you look at the budget that was presented this year, there were a number of pro-poor initiatives, and I do not intend to depart from those pro-poor initiatives. And I will ensure that business follows as usual as it should. We will make sure that we move faster to implement the tax reliefs that were made in the budget and I am going to make sure the poor are insulated.”

“It is important to note that we are under an IMF programme and I want to assure the IMF and the business community that I will ensure that the programme remains on track. I will work to ensure that the programme does not suffer,” he remarked.

Ghana’s engagement with the IMF reflects a strategic partnership aimed at addressing economic challenges and promoting fiscal responsibility. The programme involves a series of policies and reforms designed to enhance economic stability, stimulate growth, and create a conducive environment for sustainable development.

Historically, Ghana has sought assistance from the IMF to tackle fiscal deficits, address external imbalances, and implement structural reforms. These programmes typically include measures to curb inflation, reduce budget deficits, and bolster overall economic resilience.

Dr. Mohammed Amin Adam’s commitment to upholding Ghana’s obligations under the IMF programme underscores the government’s dedication to achieving economic stability and fostering growth in the country.

Source:norvanreports