Removing Ofori-Atta from Finance Ministry will not affect IMF programme – Akufo-Addo

Source The Ghana Report

President Akufo-Addo has stated that the recent ministerial reshuffle at the Ministry of Finance will not affect his government’s implementation of the International Monetary Fund (IMF) programme.

During his State of the Nation Address in Parliament on Tuesday, February 27, 2024, he said the government is still very committed to seeing the programme through.

“It is important to underline that the recent change in the leadership of the Finance Ministry will not affect government’s commitment to implementing the terms agreed with the IMF to ensure that we restore the economy to healthy growth as soon as possible.

“We have also intensified our engagement with our external bondholders on the principles of transparency, fair treatment, consistency with the IMF debt sustainability analysis, and good faith. We are focused and committed to accelerating the process,” the President said.

It will be recalled that the president’s Valentine’s Day reshuffle affected the Finance Minister, Ken Ofori-Atta who was very instrumental in the IMF negotiations to secure the bailout.

Mr Ofori-Atta was succeeded by Dr Mohammed Amin Adam.

In a letter to the staff of the Ministry of Finance, the former minister asked them to support the new minister to ensure the success of his tenure.

The former Finance Minister expressed confidence in the new leadership under Dr Mohammed Amin Adam and called for renewed diligence to ensure the successful execution of the IMF-ECF programme for economic growth and transformation.

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