Association for Free Research and International Cooperation

Ghana: Nana Akufo-Addo submits his first non-program national budget with the International Monetary Fund

29.11.2018
Several months after announcing its intention to suspend the dependence of his country's development on aid from foreign donors.

The government of Ghana’s President Nana Akufo-Addo has submitted to Parliament its first extra-budgetary budget with the International Monetary Fund. IMF.

Faced with growing concerns over the adverse effects of the government’s decision not to renew the agreement, Finance Minister Ken Offori-Atta reaffirmed the authorities’ commitment to maintain fiscal discipline by injecting new momentum into the economy. national economy, in order to boost growth. According to statements relayed by La Tribune Afrique, the manager announced an intensification of investments in infrastructure “without compromising debt sustainability”.

Note that President Akufo-Addo announced last March, growth of 8.3% for his country in 2018, up from the figure of 6.8% budget forecast. But according to the finance bill tabled in the National Assembly, the overall growth in real GDP (constant value added flow at constant prices) stood at 5.8% at the end of September 2018, and excluding oil, it was only 4.6%.

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