The new Mahama government could seek extra funding from the International Monetary Fund (IMF) during its current, three-year programme with the lender to cushion the economy.
This was disclosed by the Finance Minister-designate, Dr Cassiel Ato Forson, on Thursday.
President John Mahama, who was sworn into office this week after beating the ruling party candidate in December's election, picked the former minority leader in parliament to serve in the key post of finance minister. "We are committed to work with the IMF, but we also want to ensure that we can raise financing; additional finance, working with IMF and other domestic, international partners," Forson, told reporters, ahead of a meeting with an IMF team that is currently visiting Accra. "The reliance on Treasury bills and others has not been very helpful," said Forson, who also served as a deputy finance minister before.
The IMF did not immediately respond to a request for comment.