Government spokesperson on governance, Manasseh Atta Boahen, has revealed that the long awaited IMF deal is going to pave way for more investors into the country.
Manasseh in an interview with Kwaku Dawuro, on Movement In The Morning, on Movement TV/Wontumi radio, noted that the inflation caused a massive fall in the number of foreign investors, so being able to strike a deal and reach an agreement with the IMF, will boost more investors into the country and stabilize the dollar.
He said ”When you check the agreement with the IMF, we are only after $3billion in a space of 3years which is not really a huge amount but for government, what has really taken place is the fact that Ghana has lost a lot of investments, because people have disinvested in Government’s securities and bonds.
Now the moment a country can strike a deal with the IMF, it paves way for other countries to invest since funds from the IMF will boost profits on their investments. As we speak the government is in talks with the US government as well as UK, Germany and other countries who very willing, and have demonstrated good faith in having interest in coming to invest.”
He added that ”All they seek is for us to reach a deal with the IMF, and once we have completed staff agreement and awaiting the board, it is paving way and going forward, we will be able to seal the deal and receive the first part of the money and attract a lot of investments and stabilize the dollar”