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General News Mon, 10 Oct 2016

Moody's rating is 'an upgrade' - Economist tells Bawumia

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Comment: READ THE IMF DIRECTOR'S COMMENT ATTACHED

Author:
KOGYAM58
Date:
2016-10-10 16:48:51
Comment to:
Moody's rating is 'an upgrade' - Economist tells B

"The International Monetary Fund’s (IMF) director for Africa has indicated that the favourable economic growth for the country from next year will be based on sticking to some critical fiscal policies.

Abebe Aemro Selassie noted that “provided that, inflation can be brought down, real interest rates can be lowered, then that should allow some recovery in growth”.

This was in response to a question at the Annual IMF/World Bank meeting in Washington DC on what should be done to ensure the favourable economic growth outlook for Ghana from 2017 is achieved.

He was of the view that, the favourable economic outlook for Ghana is conditional “based on government also continuing with, the fiscal adjustment program”.

Economic growth for Ghana has slowed from 4 percent in 2015 to about 2.5 percent for the second quarter of 2016 according to the Ghana Statistical Service."
IS THIS STATISTICS ABOVE AN INDICATION OF AN UPGRADE, MR. ECONOMIST?

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KOGYAM58 on Oct 10, 2016 16:48
READ THE IMF DIRECTOR'S COMMENT ATTACHED