{"id":3259,"date":"2024-04-15T20:59:05","date_gmt":"2024-04-15T20:59:05","guid":{"rendered":"https:\/\/sotnews.agency\/?p=3259"},"modified":"2024-04-16T17:42:19","modified_gmt":"2024-04-16T17:42:19","slug":"imf-doesnt-buy-things-from-our-market-isaac-adongo-on-rating-of-ghanas-economy","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=3259","title":{"rendered":"\u2018IMF doesn\u2019t buy things from our market\u2019 \u2013 Isaac Adongo\u00a0on rating of Ghana\u2019s economy"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 46 Second <\/div>\n\n <\/div>

Ranking Member on the Finance Committee of Parliament, Isaac Adongo, has downplayed the International Monetary Fund\u2019s (IMF) positive assessment of the Ghanaian economy while under the ongoing extended facility programme.<\/strong><\/p>\n

Although Ghana is set to receive the third tranche of $360 million from the $3 billion IMF rescue loan as a result of the positive review from the IMF mission, Mr. Adongo has questioned the real status of the country\u2019s economy.<\/p>\n

According to the Fund, Ghana has made significant improvements in key macroeconomic indicators that suggest the programme\u2019s effectiveness.<\/p>\n

However, Adongo remains sceptical about the actual conditions on the ground, stressing that the Fund does not experience the real cost of food items on the market.<\/p>\n

\u201cDo you need the IMF to come and tell you that you can\u2019t buy a ball of kenkey? Do you need the IMF to tell you that the fuel is now almost GH\u00a215 per litre? Do you need the IMF to tell you that you need more than GH\u00a213 to buy a dollar? IMF is a consultant to Ghana and no consultant has ever told the people of Ghana that it has failed.<\/span><\/p>\n

READ ALSO:<\/strong><\/h6>\n

IMF deal: Gov\u2019t will be more aggressive with external creditors \u2013 Finance Minister<\/a><\/p>\n

\u201cThe truth is what you and I know, IMF doesn\u2019t buy things from our market. The survey is telling us that inflation is getting worse and you want to believe what the IMF says?\u201d he quizzed in an interview on Accra-based Citi FM.<\/span><\/p>\n

The minority\u2019s spokesperson on Finance maintained that the IMF, in its capacity as a consultant, will shy away from pointing out the failures in the economy.<\/p>\n

IMF deal: We have sufficient control mechanisms to ensure key targets are met despite election year \u2013 Amin Adam<\/a><\/p>\n\n

He emphasised that despite the IMF\u2019s apparent lack of involvement in the local market, surveys show that inflation is getting worse, which stands in sharp contrast to the IMF\u2019s favourable assessment.<\/p>\n

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The post \u2018IMF doesn\u2019t buy things from our market\u2019 \u2013 Isaac Adongo\u00a0on rating of Ghana\u2019s economy<\/a> first appeared on 3News<\/a>.<\/p>

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Ranking Member on the Finance Committee of Parliament, Isaac Adongo, has downplayed the International Monetary Fund\u2019s (IMF) positive assessment of the Ghanaian economy while under the ongoing extended facility programme.… <\/p>\n","protected":false},"author":1,"featured_media":3489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","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":[12],"tags":[],"class_list":["post-3259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/3259","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=3259"}],"version-history":[{"count":1,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/3259\/revisions"}],"predecessor-version":[{"id":3490,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/3259\/revisions\/3490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/3489"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}