CSO Platform On IMF Bailout
CSO Platform On IMF Bailout

Civil Society Organizations will be holding a debate on the Ghana government’s decision to opt for an IMF bailout.
The Civil Society Platform which is launched today, for the purpose, recognized the fact that, even though negotiations are ongoing between government and the IMF, there are some nervousness about the whole programme, which is as result of lack of adequate information that is breeding distrust among Ghanaians.

CSO Platform On IMF Bailout
CSO Platform On IMF Bailout

The Chairman of the CSO Platform, Mr. Joe Winful said, governments over the years failed to involve Civil Society and other non-state actors in programmes such as the ones with IMF making it very difficult for the people to come to terms with the real issues as far as such programmes are concern.

He made these remarks when he addressed the media at the launch of the Civil Society Platform On The IMF Bailout.
According to Mr. Joe Winful, current negotiations on the IMF Bailout are ongoing without any prior conversation with the people of Ghana, represented by Civil Society and other non-state actors.

He averred that in view of the ongoing deliberations on the bailout, the Platform was formed purposely to advocate for the views of the citizens to be taken into account in the agreement with the IMF. He explained that by so doing, citizens of Ghana will buy into the Agreement and work towards a successful execution of whatever conditionality the Agreement might impose on them.

He also indicated that the Platform hopes to, at the end, increase public interest and discourse on a major issue in the country’s financial management, promote public awareness and inclusiveness in the bailout discussions, give needed guidance and advise to Government’s negotiation team and also to obtain a Programme which meet the best interest of Ghanaians.

“We recognize that on the major issues that will constitute the Agreement with the Fund, Civil Society and other non-state actors have divergent views. For this reason we are negotiating to hire a renowned economist to prepare a Discussion Paper to be discussed by Civil Society and other non-state actors at a National Forum in Accra to agree on common position to be adopted by Civil Society,” he added.

Mr. Winful also explained that the Platform is nonpartisan, non-religious but a movement of committed Ghanaians who believe they can leverage the IMF bailout to greater benefit of the country as a whole.

He also mentioned that the Platform will set transparency and accountability measures that will address underlying causes fuelling undisciplined public spending , off-budget and over-budget spending, corruption and lack of transparency in the management of public finances.

Mr. Winful pointed out that, the bailout should be seen as an opportunity to strengthen accountability systems of institutions involved in public finance oversight since that is one reason why government is going for the IMF bailout.

The group, Mr Winful noted, would have a national forum on November 18 where a renowned economist would be invited to explain the IMF conditionalities, monitory mechanism and implementation strategies among others.

Speaking to Franklin Cudjoe, President and Founder of IMANI Ghana, after the launch, he mentioned that the outcome of the forum which would be presented to the government would be issue based and well research based, adding that the Platform intends to ensure that there would be a much broader understanding of IMF-related issues by the ordinary Ghanaian.

“This, I think would go a long way to help government spend less time and resources in educating people about the IMF bailout.”

The CSO Platform is made up of IMANI Ghana, SEND-Ghana GII, CDD, FAT-AFRICA, GACC, African Centre for Parliamentary Affairs, Penplusbytes, OccupyGhana and OXFAM.

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