President John Dramani Mahama has reaffirmed his government's commitment to maintaining Ghana's economic recovery program with the International Monetary Fund (IMF), while stressing the need for tax reforms and prudent financial management.
Speaking at the Munich Security Conference in Germany on February 14, he highlighted key areas of concern, including tax rationalization, expenditure control, and debt restructuring.
Addressing Ghana's ongoing engagements with the IMF, Mahama stated, "Happily, we have just had a staff visit, and our Ministry of Finance is engaging with that. "There were a few issues we were not at the table when this agreement was drawn up.
So, coming into government, there are a few issues that we thought we should raise with the IMF, including the issue of tax rationalization." He noted that the previous administration had imposed excessive taxes, which had counterproductively led to reduced revenue.
