President John Mahama has summoned all his ministers and
their deputies to discuss the implications of the International Monetary Fund
(IMF) bail programme to be rolled out from 2015. The IMF programme will roll
out from January 2014 and is expected to run for about 3 years. After meeting
key government officials, the private sector and some of Ghana’s donor
partners, the IMF hinted that the programme will aim at eliminating
government’s excessive spending and would also eliminate government subsidies,
cut some tax exemptions among others. This is also likely to affect
government’s spending in terms of infrastructure development among others,
hence the need to streamline how the entire government machinery would run on a
lean budget when the programme starts. Apart from the Ministers and their
deputies, the meeting is also being attended by the Vice President Kwesi
Amissah-Arthur, who was a key member of the team that negotiated on behalf of
government in the IMF programme. Citifmonline.com has also gathered that
leadership of the majority in Parliament, as well as the General Secretary of
the NDC, Johnson Asiedu Nketiah, is also in the meeting which is being held at
the Kofi Annan International Peacekeeping Centre (KAIPTC).
Source:Peacefmonline.com
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