The highly anticipated meeting between government negotiators and officials of the International Monetary Fund (IMF) has commenced.
The Fund’s officials are led by Mission Chief for Ghana, Carlo Sdralevich as the fate of Ghana’s financial future is tabled for discussion amid hue and cry from the public over the ever-increasing cost of living.
The Finance Ministry earlier revealed that the engagement will be a 7-day activity with the IMF officials, government’s Economic Management Team and the Presidency.
According to Presidential Affairs Correspondent, Elton Brobbey, the crunch meeting started this afternoon in Accra.
JoyNews sources say the meeting will discuss various aspects of the economy including expenditure, market reserve management, domestic arrears, expenditure controls and fiscal reporting.
Other issues to be tackled are; monetary and inflation developments, data gathering and reconciliation, revenue among others.
Government has already indicated that its flagship programmes will not be canceled despite the stringent scrutiny and potential conditionalities that accompany such bailouts.
This has attracted attention from critics as beneficiaries and policymakers look to the outcome of the engagement in this regard.
On revenue, JoyNews sources reveal that the electronic transactions levy (E-Levy) will come under scrutiny by the team as part of the revenue mobilsation analysis.
Per reports, the team will look at the design of the e-levy, estimated yield, the mobilisation measure and the nature of its implementation on Thursday.
Fiscal returns for the first half of the year and the 30% expenditure cuts, financial sector payments, the wage bill, internally generated funds will be high on the agenda as well.
Meanwhile, the Finance Ministry is hopeful that the engagement will help restore macroeconomic stability, safeguard debt sustainability, and promote inclusive and sustainable growth as well as address the impact of the war in Ukraine and the lingering pandemic."
Latest Stories
-
West African School on Air Quality and Pollution Prevention to enable air quality forecasting in Ghana
22 mins -
Dumsor is back; tell Ghanaians the truth – Mahama to government
30 mins -
MTN Ghana reaffirms commitment to cultural heritage through support for Hogbetsotso Festival
37 mins -
Election 2024: NPP rejects NDC allegations of attempting to block GFP’s ballot re-entry
39 mins -
Full text: Sam Jonah – How Ghana can attain desired cultural values, peace and collective prosperity
54 mins -
We await EC’s response – GFP General Secretary says
1 hour -
Joyce Bawah: NDC best to lead Ghana out of current economic mess
1 hour -
Akomadan Omanhene praises Bawumia as empathetic and visionary
1 hour -
Excessive partisanship is Ghana’s problem; transformative leadership is the solution – Alan Kyerematen
1 hour -
NDC accuses NPP of attempting to block GFP’s ballot re-entry to alter positions
1 hour -
Alan Kyerematen is the situational leader Ghana needs at this critical time – Boniface Siddique
2 hours -
Speaker to address media on recent developments in Parliament, other issues on Wednesday
2 hours -
#Eleection2024: It’s a collective responsibility to maintain peace – Asogli Queen
2 hours -
Bawku conflict claims 61-year-old man, raising death toll to 22
2 hours -
Ghana’s education system stifles critical thinking, innovation – Sam Jonah
2 hours