‘We’re not going back to haircuts’ – Ato Forson warns against reckless spending

“It is President Akufo-Addo and his government that took Ghana to the IMF and agreed to this conditionality, unless they want me and President Mahama, because it’s President Mahama’s budget, to derail the IMF program, so that we spend as if there’s no tomorrow, crash the economy again, and go back to economic crisis with a haircut.”Finance Minister Dr Cassiel Ato Forson has delivered a firm warning that the government will not abandon fiscal discipline for political convenience, insisting Ghana cannot afford to return to the economic crisis that forced painful debt restructuring.“The NPP committed Ghana into an IMF program, signed an agreement with the IMF and borrowed $3 billion from them, and committed us, this government, that we would do 1.