Bolgatanga Central MP advocates broader consultations in opting for IMF program

Bolgatanga Central MP advocates broader consultations in opting for IMF program
Mr. Isaac Adongo,Bolgatanga Central MP

By: Franklin ASARE-DONKOH

The Bolgatanga Central Member of Parliament (MP), Mr. Isaac Adongo, is advocating broader consultations with respect to Ghana’s latest engagement with the International Monetary Fund (IMF) for budgetary support.

Mr. Adongo in an interview with Journalists maintained the IMF program cannot be handled by individuals.

He suggested broader consultation and engagement in order to develop an enduring programme that all Ghanaians can buy into and lend support to the government.

“At this point in time, you would have expected that there would have been some considerable engagement with stakeholders, because this is a Ghana program.”

The Bolgatanga Central Lawmaker added.

On the pace of negotiations, Mr. Adongo said the government needs to step up its game “otherwise it will become a security threat.”

“If we do not secure a program by December or wore still by 31st March, 2022 we would have a very dire situation on our hands, and nobody wants us to get there,” he disclosed.

An IMF team is in Ghana until October 7, 2022, to continue discussions with the government on policies and reforms that could be supported by a lending arrangement.

Ghana is currently looking to secure a $3 billion loan from the IMF. The last IMF mission to Ghana was between July 6 and July 13, 2022.

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