Kojo Oppong Nkrumah demands parliamentary briefing on IMF policy coordination instrument

Ranking Member on Parliament’s Economy and Development Committee and Member of Parliament for Afoase-Ayirebi, Kojo Oppong Nkrumah, has called on the government to brief Parliament on the International Monetary Fund’s (IMF) Policy Coordination Instrument (PCI), insisting that transparency and accountability must remain central to its implementation.

The IMF’s Policy Coordination Instrument is a non-financing programme designed to support countries in implementing and signalling strong economic policies while strengthening macroeconomic stability and reform efforts.

According to Mr Oppong Nkrumah, although the IMF’s Policy Coordination Instrument does not require parliamentary approval because it comes without new financing, that should not be used as a justification to sideline Parliament or the Ghanaian public.