Projected economic reforms will align with IMF programme – Bawumia
The New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia has assured Ghanaians that his economic policies are all align with the International Monetary Fund (IMF) programme currently monitoring Ghana’s financial stabilization efforts.
His assurance comes amid concerns raised by some economic analysts about how certain policies, such as the proposed scrapping of the e-levy, introduction of a tax amnesty, and the implementation of a flat tax regime, could impact the country’s revenue streams and disrupt the IMF-backed stabilization measures.
During a media engagement on Sunday, August 25, Dr. Bawumia responded to these concerns by stating his administration’s commitment to economic growth coupled with fiscal discipline.
He assured that his policy framework would support the objectives of the IMF programme while also addressing the nation’s economic challenges.
“I don’t see any inconsistency at all between what I am proposing and the Fund programme that we are engaged in. If you read my proposals very carefully, I start by saying we are going to bring down government expenditure by 3% of GDP. The proposals in terms of the tax cuts I am proposing will not even come up to 0.5% of GDP.
“So you have more than enough space to fund what I am talking about. I think the issue at the end of the day for the programme is to make sure we maintain fiscal sustainability,” the Vice President said.
