The Minority in Parliament has advised the government to involve the International Monetary Fund (IMF) and the World Bank in the management of the country’s economy.
Addressing a roundtable discussion in Accra, a ranking member of the Finance Committee of Parliament, Mr. Casiel Ato Forson said the NDC before leaving office in 2016 commissioned the Ghana Statistical Service to start the process to rebase the Ghanaian economy. He added that the process is ongoing and it is hoped that by the end of 2018, the process will be complete.
He cautioned that the government should not be quick in filling the fiscal space that will be created as a result of rebasing with reckless expenditures that will not be growth enhancing.
Mr. Ato Forson urged the Ministry of Finance to ensure the involvement of Ghana’s development partners, especially the IMF and the World Bank to enhance policy credibility.
The discussion, which was under the theme ‘Meeting with Stakeholders on 2018 Budget and Economy Policy’, reviewed the performance of the economy on the basis of the 2017 budget.
It also stated the Minority’s expectations and predictions for the 2018 budget, which will be presented on Wednesday, the 15th of November, 2017, by the Finance Minister, Mr. Ken Ofori-Atta, in Parliament.
