GUTA not overly excited about IMF bailout, fears conditionalities could collapse businesses

Joseph Obeng, noted that although they are happy about the deal, they are not overly excited, fearing that the conditionalities could collapse businesses if the government fails to put measures in place to deal with them.

“We can say that we are happy that the IMF deal has come through, but we are not overly excited, because of the obvious, the conditionalities and what is not known to us.

It’s not an end in itself, the IMF $600 million that has come means that it’s also going to bring the conditionalities that we have to also contend with.

“We are waiting for the government or to talk with the government to see if they can bring some mitigating measures that can also deal with these conditionalities.

That’s all that businesses seek, businesses seek stability, and we say that the IMF deal brings confidence and credibility

The President of GUTA anticipated that key pillars that hold businesses that took a downturn will resurrect now that the IMF deal is on.

“We are expecting that if the deal has come through, the other indicators that make businesses strive but were broken before the deal will be resurrected