• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Be transparent with IMF to shorten deal – Prof Bokpin tells gov’t

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
66
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Be transparent with IMF to shorten deal – Prof Bokpin tells gov’t

Government has been urged to be transparent in its negotiations with the IMF to quicken the deal for the $3bn bailout request.

Speaking in an interview, Economist and lecturer at the University of Ghana, Professor Godfred Bokpin said if the government stays transparent and admits exactly where Ghana’s current fiscal problem stems from, it is likely the negotiation process for the IMF loan will be much shorter.

According to him, the IMF has already collected enough data to be able to pinpoint exactly what the problem is for the country, however, to avoid being blamed for government’s failure to fully and effectively implement an economic plan, it has delegated the drawing of the plan to the government.

 “I think it is more about what the country presents, and the country must go to the negotiation knowing very well that the IMF is not ignorant. They’ve been with us, they understand the issues, and more importantly because we just exited the 16th IMF programme and their latest report as honourable Seth Terkper said actually captures what the issues are.

“So what would shorten the negotiation would be more of transparency and full disclosure, and that is why the Fund will not impose a programme on us. Because it’s a bit more dangerous if the Fund imposes a programme on the country, so what it means is that if the programme doesn’t work, the blame goes to the Fund.

“But here, the Fund is asking you to make a diagnosis of the problem, how you see it. And sometimes too, when the Fund is asking you to make a diagnosis of the problem, the Fund is actually asking you to admit that the problem came from you, so that is important,” he stated.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Professor Bokpin stated that the government’s ability to make a proper diagnosis of the problem would inform the extent to which the government will be able to implement the programme at the close of negotiations, when the deal is approved.

“Because the programme will not be implemented by the IMF, it’s going to be implemented by we ourselves and that is why they call it Ghana government programme supported by the Fund. So transparency, full disclosure is very important.

“And we all know that there is a way that data speaks even if you don’t love the data, and for the IMF they’re driven by the data because data is their oxygen, and that is how they do it, it’s not only with respect to Ghana,” he added.

Tags: Be transparent with IMF to shorten deal - Prof Bokpin tells gov'tIMF
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.