Civil society Organizations (CSOs) say, the inclusion of the people in the International Monetary Fund (IMF) bailout discussions would be beneficial to both the government and the Fund.
The Chair of the CSO Platform on IMF bailout, Joe Winful, said here at the press launch of the CSO Platform on the IMF bailout in the national capital.


Ghanaians, he noted, had in the past been most apprehensive and suspicious of IMF programs as a result of inadequate information dissemination and lack of participation by the people.

Winful, who is also the Executive Chairman of the Financial Accountability & Transparency-Africa, said ?citizens must be active participants in such public financial management issues?.

?Transparency and a perceived sense of inclusiveness in such an important program will benefit both the government and IMF,? he added.

He expressed worry that the current negotiations taking place between the Ghana government and the IMF was without any prior consultation with the people being represented by civil society and other non-state actors.
The CSO Platform called for the inclusion of at least four members of the Parliamentary Select Committee on Finance to be part of the Ghana government team negotiating with the IMF on the three-year bailout.
The Ghanaian government in August 2014 requested an IMF support to deal with financial challenges confronting the economy.

The West African country will be going for a full blown three-year IMF program.
The Ghana government?s team, led by former Finance Minister Kwesi Botchwey, has already commenced negotiations with the IMF to agree on the details of the IMF bailout.

The CSO Platform on the IMF bailout, which is non-partisan, non-religious, has been formed to collate the views of the citizenry to ensure Ghanaians generally bought into the program.
The Platform, as part of its strategy to get the input of the entire populace, will initiate a national conversation and hold a national forum on November 18, 2014, to discuss and agree on common positions.

Source: By Francis Tandoh


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