Ghana Says On Track To Exit IMF Bailout

Ghana is on track to exit its almost $1.0 billion bailout programme with the International Monetary Fund by the end of the year, finance minister Ken Ofori-Atta said on Thursday.

Accra, (APP - UrduPoint / Pakistan Point News - 15th Nov, 2018 ) :Ghana is on track to exit its almost $1.0 billion bailout programme with the International Monetary Fund by the end of the year, finance minister Ken Ofori-Atta said on Thursday.

"We are now on course to exit the IMF programme by the end of this year," he said in a speech to parliament presenting the 2019 budget proposal.

"We are grateful to the IMF and are determined to maintain a combination of economic discipline and vibrancy that will ensure that we will not have to be rescued in that manner in the future."The minister said Ghana was also on course to achieving its fiscal deficit target of 3.7 per cent of GDP for the year, as it works to convince investors it is committed to sound economic policies.

Gross domestic product is on track to expand 5.6 percent in 2018 and 7.6 per cent in 2019, he added.