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President Nana Addo Dankwa Akufo-Addo has disclosed plans to return to the international market to borrow to fund infrastructural projects.
According to Pulse.com, he said this is due to the successful completion of the $3 billion bailout secured from the International Monetary Fund (IMF).
Speaking at the Qatar-Africa Economic Forum in Doha, Mr. Akufo-Addo said even though his government is in no rush to return to the international market, it makes sense to take advantage of the market now and make some savings.
“We have positioned ourselves to be able to go back into the International market which had been a source of funding for us during the first three or four years of our government,” the president said, adding, “There is no rush but obviously why not take advantage of global savings, it makes a lot of sense to me. We will try as much as possible to maintain the discipline which is required and the most important requisite for a successful programme.”
President Akufo-Addo also said his government will embark on rigorous expenditure cuts and revenue mobilisation exercises.
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