President-elect John Dramani Mahama has noted the need for his government to review and adjust Ghana’s existing agreements with development partners such as the World Bank and IMF.
According to him, these adjustments are necessary to align the country correctly.
He made this statement during a courtesy call by the United Nations Resident Coordinator, Charles Abani.
Mahama also emphasised the importance of creating partnerships that reflect the realities of today and the vision of his incoming government.
“This adjustment is crucial and will help put the new government that would be inaugurated next year on the same springboard with our development partners to begin the rebuilding of the economy and the country,” he was quoted by graphiconline.com.
Mahama stated, “Looking at the existing programmes, we need to tweak them to meet the realities of today… One of our main concerns is the issue of debt repayments. We need to see how we can smooth them so that we don’t default again, which will be more catastrophic than the current defaulting.”
The President-elect stressed the importance of swiftly engaging with international institutions, particularly the International Monetary Fund (IMF) and the World Bank, to realign ongoing programs with his government’s priorities.
“I don’t kid myself that it is going to be an easy task; it is going to be quite tough. I anticipated that we were going to win, but I didn’t anticipate the margin by which we were going to win. That is an indication that Ghanaians have very high expectations,” he said, committing to working tirelessly to meet these demands.
SSD/MA
Watch the latest edition of BizTech below:
