IMF Managing Director Kristalina Georgieva has guaranteed that the Fund is prepared to support Ghana and other nations impacted by the current global tariff conflict.
While addressing the launch of the Global Policy Agenda at the IMF/World Bank Spring Meetings in Washington DC, Georgieva stated that the IMF possesses the necessary tools and resources to act when support requests arise.
“We can fall on our policy tools to assist any country, including financial assistance when needed,” she said.
“As always, we will be there for our members by focusing on what we do best—helping them secure economic and financial stability.”
Speaking to reporters at a press conference, the IMF chief pointed out that although the immediate impacts of the trade war might be slight for numerous African nations, she is worried about the wider implications.
“I am worried about the indirect impact,” Georgieva said.
“Every country in the region must take steps to build more buffers and press ahead with programs that will help cushion expected shocks.”
Georgieva urged Ghana and other African countries to implement proactive short-term strategies to lessen possible repercussions.
“There is still a lot that can be done on the fiscal side, while building the required buffers for a moment of shock,” she stated. “Continue strengthening Ghana’s fundamentals.”
She also emphasised tax reforms: “Don’t use any excuses. Do more to broaden the tax base by reducing tax evasion and tax avoidance.”
NKONKONSA.com
NKONKONSA.com
