• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Ghana will slip at first IMF review -IFS

08/04/2015
Reading Time: 1 min read
405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The Executive Director of the Institute Of Fiscal Studies (IFS) Professor Newman Kusi is projecting Ghana will slip at the first review of the International Monetary Fund extended credit facility program in November this year. According to Professor Kusi , Ghana cannot meet some of the conditionalities under the program.

Among other things, he said labour unions would reject efforts to cut expenditure by right-sizing the civil service which is one of the main pillars of the program.

Speaking to Citi Business News after presenting a statement together with IMANI Ghana Professor Kusi said, “They must front load the fiscal consolidation, they are saying we must contain expenditure by addressing the wage bill increase. On the wage side the only advantage is by cleaning the payroll but in terms of the size we can do nothing about it”.
Responding to what the implications would be if Ghana slips at the first review, he said,”If government slips, it will depend on the seriousness of the slip and the areas of the slippages… if you are not able to meet a particular performance criteria depending upon your reason for your inability to meet it you can then plead for them to waive that one for you and they can say yes or no. if they say they won’t give you a waiver it means the next disbursement of the money won’t come through”.

Source: citi business

Previous Post

Dubai Chamber of Commerce to help increase trade between Ghana and UAE

Next Post

GNPC finally completes takeover of Ghana Gas

Related Posts

carbon emissions

Ghana Begins Receiving Payments for Reducing Carbon Emissions in Forest Landscapes

30/01/2023
Employers and employees

The silent war between employers and employees will have no winner 

27/01/2023
Electric cars in Africa, ghanatalksbusiness.com

Africa’s push for electric vehicles

24/01/2023
Functioning dddress system, ghanatalksbusiness.com

The next “AMAZON” in Africa will need a Functioning Address System

23/01/2023
Catalyst fund, ghanatalksbusiness.com

Catalyst Fund announces $2 million investment into 10 startups accelerating Africa’s adaptation and resilience to climate change

20/01/2023
shifts in globalisation

Globalisation Redefined as Manufacturing Moves Closer to Home

20/01/2023
Next Post

GNPC finally completes takeover of Ghana Gas

GNPC finally completes takeover of Ghana Gas

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In