Post IMF: Stalled infrastructural projects to be resumed -President Akufo-Addo

Projects that were put on hold after attempts to obtain a bailout from the International Monetary Fund (IMF) will soon restart, according to President Nana Addo Dankwa Akufo-Addo.

The President provided this reassurance during his 29th address to the country, which also included an update on the IMF program and measures taken to stop the spread of the coronavirus.

In his update, the president cautioned that the IMF program would not immediately put an end to Ghana’s economic problems, but he nonetheless expressed confidence that it would boost the country’s economy.

“Fellow Ghanaians, access to the IMF facility will not spell the immediate end of the difficulties we are in presently, but the fact that we have been able to negotiate such a deal sends a positive message to our trading partners, creditors and investors; a positive message that will be underpinned by the discipline, hard work and enterprise with which we execute the programme.”

“It should lead to the restoration of confidence and the reopening of avenues that had been closed to us this past year and a half. It should also lead to the resumption of many of the infrastructural projects that have stalled”, President Akufo-Addo added.

Source: Citinewsroom