Government’s spokesperson, Kofi Tonto, says intervention of the IMF will help stabilize the economy and cause a reduction of inflation in the country.
Speaking in an interview with Kwaku Dawuro, on Movement In The Morning, on Movement TV/Wontumi radio, Mr Tonto briefed Ghanaians on the benefits of the Debt exchange programme initiated by the government, as well as intervention of the International Monetary Fund (IMF).
He asserted that ” Inflation goes up naturally and with regards to what happened in the past year, arguably it is not a normal rate of inflation we usually encounter. By the grace of God if you take a look at the report Fitch has released, their focus is to reduce inflation by 20%.
What it means is that as the economy is getting better, and exercising enough patience for the government to fix the country’s finances, it will help reduce inflation, hence getting value for your money. Now the help IMF is extending to us is to help us fix inflation and some socio-economic problems.”