Timely adherence to IMF programme important for next administrative government to succeed – Economist

Economist Prof. Ebo Turkson has said that the next administrative government which would assume power in January 2025 would have to do a lot to get the economy going if the International Monetary Fund (IMF) programme is not effectively implemented.

According to him, it is important to carefully implement plans in all stages to help meet the timelines.

Prof. Turkson was reacting to the release of the $600 million second tranche bailout package to the country.

According to him, it is imperative to ensure that the $600 million inflows is used for its purpose to enable the programme run smoothly.

“This $600 million is not free money. It is part of the budgetary support going into critical sectors of the economy. I am very certain that whoever takes over power in 2025, 7th of January, we will have an economy that has recovered”, he said.

Prof. Turkson stated that even though government is a continuity, it is important for the next administration to continue with the programme to achieve the full benefit of it.

“To a greater extent, we need all the ingredients for success in 2025 going forward”, he reiterated expressing optimism of a successful programme with the IMF.

Stressing on accountability, Prof. Turkson said the importance of the budgetary support is intended to help in rapid recovery.

“So far as that is done, (budgetary support) by putting the funds into the economy, it will expand the productive base of the economy. That is what is needed to grow the Ghanaian economy”.