IMF Negotiations Will Drag Further – Ato Forson

Member of Parliament for Ajumako-Enyan-Esiam, Dr Casiel Ato Forson has said the negations between the Government of Ghana and the International Monetary Fund (IMF) will move slowly because the government is not demonstrating enough commitment.

In his view, there is no urgency on the part of President Nana Addo Dankwa Akufo-Addo and the Finance Minister Ken Ofori-Atta to ensure that the process moves faster.

His comments come on the heels of concerns raised by the Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye to the effect that the negotiation is not moving faster.

The delay and uncertainty, Dr Kwakye explained, are fueling speculation and panic in the investor community, causing continued damage to the cedi

In a tweet, Dr Kwakye said “The IMF is moving at a snail’s pace in negotiating Ghana’s program, as if nothing is at stake. The delay and uncertainty are fueling speculation and panic in the investor community, causing continued damage to the cedi. Yet our economic managers stand aloof. This is unacceptable!”

Speaking in an interview with TV3’s Paa Kwesi Asare on the sidelines of the ongoing World Bank/International Monetary Fund (IMF) Meetings in Washington D.C., Dr Ato Forson who was at the event in his capacity as the Minority Spokesperson on Finance said The negotiation will drag even further because I do not see any sense of urgency on the part of the President, on the part of the Minister of Finance and I do not see commitment from government.”