CLOGSAG says it supports govt’s decision to go to IMF

The Executive Secretary of the Civil and Local Government Staff Association, Ghana (CLOGSAG) Isaac Bampoe Addo has said the association supports the decision by the government to go to the International Monetary Fund (IMF) for support.

He told TV3’s Daniel Opoku in an interview on Friday July 1 that this will not be the first time Ghana will be seeking assistance from the IMF.

“In the first place, we are civil servants, we are supposed to support government policies. We want to say that we support the policy to go back to the IMF.

“This is not the first time we are going to the IMF. We know the terrain, so it is no issue, we know how to survive it, we know how to get out of it so we don’t see any problem with it. There is nothing wrong with it, we have been there before and we got out so this one too we will get out,” he said.

President Nana Addo Dankwa Akufo-Addo has instructed his Finance Minister Ken Ofori-Atta to commence formal engagements with the IMF inviting the Fund to support an economic programme put together by the Government of Ghana.

This followed a telephone conversation between the President and the IMF Managing Director, Miss Kristalina Georgieva, conveying Ghana’s decision to engage with the Fund.

The Ministry of Information announced this in a statement on Friday July 1.

A Deputy Minister of Finance, Mr John Kumah said an IMF programme will help the country to come out from the economic challenges faster.
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He said the government hopes that the programme will benefit the country.

“Our objective as government is to restore confidence in the economy and rebound it from the difficulty, from the challenges, not only in Ghana but almost all economies around the world.

“We believe that where we stand now, an IMF intervention will help us come out quicker than we could. We hope that it will benefit the country,” he told TV3’s Komla Adom on the mid day news on Friday July 1.