
<p class="has-medium-font-size"><strong>The new Mahama administration is considering seeking extra funding from the International Monetary Fund (IMF) to cushion Ghana&#8217;s economy.</strong></p>



<p> This revelation was made by Finance Minister-designate, Dr. Cassiel Ato Forson, on Thursday, ahead of a meeting with an IMF team visiting Accra.</p>



<p>According to Dr. Forson, the government is committed to working with the IMF while exploring additional financing options with domestic and international partners. &#8220;We are committed to working with the IMF, but we also want to ensure that we can raise additional financing,&#8221; he stated.</p>



<p>To address the country&#8217;s economic challenges, the government plans to cut public spending to lower inflation and eliminate wastage in government operations.</p>



<p>Dr. Forson emphasized that &#8220;there is a lot of wastage in the system, and we will cut them.&#8221; This move is expected to help the government restart domestic bond issuance by mid-year.</p>



<figure class="wp-block-image size-full"><img src="https://cdn.occupygh.com/file/occupygh/2025/01/image-219-815x424-1.png" alt="" class="wp-image-214254" /></figure>



<p>Ghana, a leading producer of gold and cocoa, defaulted on most of its external debt in 2022, triggering a painful restructuring process. The Mahama government aims to conclude this process by finalizing agreements with non-Eurobond commercial creditors.</p>



<p>The government&#8217;s economic policies will be closely watched as Ghana seeks to rebuild an economy emerging from its worst crisis in decades. With the National Democratic Congress (NDC) holding a two-thirds majority in Parliament, the approval of Dr. Forson&#8217;s nomination as Finance Minister is expected to be smooth.</p>
<p><strong>Source</strong>: <a href="http://OccupyGh.com">OccupyGh.com</a> </p><p class="has-text-align-center has-large-font-size"><a href="https://chat.whatsapp.com/JVGCtXdCoiKHCI3CXwMC5l" target="_blank" rel="noreferrer noopener">Tap To Join Our</a> WhatsApp Community</p> 

Mahama And His Administration To Go For Extra Loan From IMF To Revive The Economy
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