{"id":104154,"date":"2025-11-26T04:42:00","date_gmt":"2025-11-26T04:42:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=104154"},"modified":"2025-11-26T04:42:00","modified_gmt":"2025-11-26T04:42:00","slug":"no-foundation-only-failure-kwakye-ofosu-says-npp-missed-every-imf-target-in-2024","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=104154","title":{"rendered":"No foundation, only failure \u2013 Kwakye Ofosu says NPP missed every IMF target in 2024"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 16 Second <\/div>\n\n <\/div>
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Government Spokesperson Felix Kwakye Ofosu says the New Patriotic Party (NPP) has no basis to claim credit for economic progress when it missed every key target under the IMF programme in 2024. <\/p>\n

The Abura Asebu-Kwamankese MP said the data exposes the government\u2019s claims of building a strong foundation.<\/p>\n

Speaking on Joy News\u2019 PM Express on Tuesday, he stressed that the NPP cannot celebrate achievements that do not exist. <\/p>\n

According to him, the party\u2019s own performance under the IMF programme contradicts its public messaging.<\/p>\n

\u201cThere is no case of building any foundation. So look at their record; last year, they missed all the targets that the IMF set for them under the IMF program,\u201d he said.<\/p>\n

Mr Kwakye Ofosu argued that the scale of the deviation shows a government without control over its own programme. <\/p>\n

\u201cNow, when you miss your targets by the margins that they did, how can you claim that you\u2019ve made a new foundation?\u201d he asked. <\/p>\n

He added that no government can describe such outcomes as evidence of stability. \u201cWhat foundation can lead to such serious slippages?\u201d he said.<\/p>\n

Mr. Kwakye Ofosu explained that the most important indicator under the programme was the primary balance, which is revenue against expenditure, excluding interest payments. <\/p>\n

He said the NPP itself agreed with the IMF that this was the anchor for assessing progress. <\/p>\n

\u201cFor instance, when they entered the IMF program, the IMF and the NPP agreed that the main anchor of the program was their primary balance,\u201d he said.<\/p>\n

The Abura Asebu-Kwamankese MP noted that the target set for 2024 was clear. <\/p>\n

\u201cIn the IMF documents and the targets that they set for last year, they said they will do a surplus of 0.5%.\u201d <\/p>\n

He said the government failed in dramatic fashion. <\/p>\n

\u201cThey ended up doing a deficit, which is a primary balance of negative 3.5%,\u201d he revealed. He described the outcome as alarming. <\/p>\n

\u201cAlso, that is a major slippage. It cannot be a good foundation,\u201d he stressed.<\/p>\n

Mr Kwakye Ofosu further dismissed claims of strong economic management, pointing to other indicators that went off track. <\/p>\n

\u201cLook at the inflation target they set. They missed it,\u201d he said. He added that the fiscal outcome also exposed the government. <\/p>\n

\u201cAll the targets they set, they miss. The deficit was higher than they projected,\u201d he said.<\/p>\n

Mr Kwakye Ofosu argued that the results under the current administration show a reversal of that trend. \u201cNow the contrary has actually happened under us,\u201d he said.<\/p>\n

His comments add to an ongoing national debate over whether the recent improvements in macroeconomic indicators are due to earlier NPP reforms or the impact of the new policy direction under the current government.<\/p>\n<\/div>\n

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\"NoGovernment Spokesperson Felix Kwakye Ofosu says the New Patriotic Party (NPP) has no basis to claim credit for economic progress when it missed every key target under the IMF programme in 2024.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[339,1881,10,9],"tags":[],"class_list":["post-104154","post","type-post","status-publish","format-standard","hentry","category-felix-kwakye-ofosu","category-npp","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/104154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=104154"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/104154\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=104154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=104154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=104154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}