Ghana will maintain its fiscal consolidation efforts aligned with its IMF program, according to Fitch Solutions. The country is unlikely to withdraw from the IMF arrangement despite previous renegotiation challenges due to its reliance on IMF support. Fiscal tightening may face public resistance but will be essential for stabilization.
Fitch Solutions, a UK-based research firm, reports that Ghana will persist with its fiscal consolidation measures under the International Monetary Fund (IMF) program. The firm believes that it is unlikely for Ghana to exit this arrangement, given its dependence on IMF support for external stability.
In summary, Ghana will continue its fiscal consolidation in line with the IMF program to maintain external stability and macroeconomic management. While fiscal tightening is essential, it may encounter public resistance due to increased financial strain on households. However, protests are expected to be localized and manageable, with minimal impact on commercial activities.
Original Source: www.ghanaweb.com
