By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Cedi performance in first half of year has been impressive – Finance Minister
    July 24, 2025
    We chose to save, not collapse an indigenous bank – Ato Forson
    July 24, 2025
    Government transfers 500 million Nestlé Ghana shares to NIB – Finance Minister
    July 24, 2025
    President Mahama announces cancellation of fuel allowances for political appointees as cost-cutting measure
    Mahama bans gov’t contracts in foreign currencies – Finance Minister
    July 24, 2025
    Czech government, SEDA Africa donate cutting-edge tech to Greater Accra Regional Hospital
    July 24, 2025
  • Business
    BusinessShow More
    Cedi performance in first half of year has been impressive – Finance Minister
    July 24, 2025
    NIB to play key role in Ghana’s industrial and agricultural drive
    July 24, 2025
    We chose to save, not collapse an indigenous bank – Ato Forson
    July 24, 2025
    Government transfers 500 million Nestlé Ghana shares to NIB – Finance Minister
    July 24, 2025
    President Mahama announces cancellation of fuel allowances for political appointees as cost-cutting measure
    Mahama bans gov’t contracts in foreign currencies – Finance Minister
    July 24, 2025
  • Politics
    PoliticsShow More
    President Mahama announces cancellation of fuel allowances for political appointees as cost-cutting measure
    Mahama bans gov’t contracts in foreign currencies – Finance Minister
    July 24, 2025
    Minority petitions Diplomatic Corps, Mahama over Ablekuma North rerun violence
    July 24, 2025
    Gov’t saves GH₵4.9bn in interest payments – Ato Forson
    July 24, 2025
    Efforts underway to revamp Prof. Mills Library after years of neglect – Mahama
    July 24, 2025
    Ablekuma North Violence: Arrests mean nothing without prosecution – Security Consultant
    July 24, 2025
  • Entertainment
    EntertainmentShow More
    The Weeknd & Shakira to headline 2025 Global Citizen Festival with Tyla, Ayra Starr & Mariah The Scientist
    July 22, 2025
    ACP partners MiPrime Entertainment to Champion Investment in Ghana’s Creative Industry
    July 21, 2025
    I want music to be my legacy, not fame – Rocky Dawuni
    July 18, 2025
    The sense to minister with music came early – Rocky Dawuni
    July 18, 2025
    “You can’t be a Black man and worship a white God” – Rocky Dawuni
    July 18, 2025
  • Sports
    SportsShow More
    Kofi Adams hails Black Queens for gallant AFCON semi-final performance
    July 23, 2025
    Black Queens bow out of WAFCON 2024 after 4–2 penalty loss to Morocco
    July 23, 2025
    Sports Minister rallies Black Queens ahead of WAFCON semi-final with Morocco
    July 22, 2025
    Ghana and Serbia forge strategic sports partnership with landmark MoU
    July 22, 2025
    Ghana to host historic Rugby League Tri-Nation Series this November
    July 21, 2025
  • Technology
    TechnologyShow More
    AI integrated skills training needed to escape job losses – NBU YEC
    July 23, 2025
    Samsung Ghana unveils 2025 TV line-up
    July 22, 2025
    Osman Ayariga speaking on youth empowerment and AI at World Youth Skills Day event
    “Youth should not see AI as competition, but as a digital tool” – Osman Ayariga
    July 17, 2025
    Samsung Introduces Future-Ready Mobile Security for Personalized AI Experiences
    July 16, 2025
    Samsung Electronics acquires Xealth, bridging the gap between wellness and medical care
    July 16, 2025
  • International
    InternationalShow More
    Education Minister Haruna Iddrisu signs MoUs with GEICO and CMS Group for new public universities
    Education Minister signs MoUs with GEICO, CMS Group to establish two public universities
    July 15, 2025
    Presidency terminates Zoomlion’s contract over concerns of impropriety and inflated billing
    Mahama pushes AU–CARICOM partnership to strengthen global reparations push
    July 14, 2025
    47th AU Forum: Ablakwa criticizes $1.2m AfCFTA allocation as ‘highly insufficient’
    July 10, 2025
    Minority demands audit over $1.2m passport relaunch cost and delays
    July 9, 2025
    Minority demands compensation for citizens stranded by US embassy closure
    July 9, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: I wasn’t for IMF Bailout – Mona Quartey
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
BusinessHeadlinesStarr Woman

I wasn’t for IMF Bailout – Mona Quartey

Starrfm.com.gh By Starrfm.com.gh Published September 6, 2018
Share
SHARE

Former Deputy Finance and Economic Planning Minister under the erstwhile Mahama administration Mona Quartey says she was not in support of the decision to seek financial help from the International Monetary Fund (IMF).

Speaking on the Starr Woman Show , Quartey said: “left to me alone, we wouldn’t have gone through the IMF programme even though we needed it for the credibility in order to issue a bond. I wouldn’t have, because I thought there were other ways we could have turned the economy around.”

Ghana in 2015, entered into an agreement with the International Monetary Fund for economic assistance under the Extended Credit Facility.  The deal concluded with a funding support of 918 million dollars to help the country’s medium-term economic reform programme. The current government has also extended the programme to 2019.

Speaking on the lessons learnt from being in opposition after the humiliating 2016 election defeat, Quartey said: “Some of them I think, would be listening to the people more, if you could recall, before we went into the IMF programme, myself and the late Vice President Amissah-Arthur had mentioned that Ghana was not going into the IMF programme.

“We were so sure that with discipline, the homegrown policies could work and turn the economy around. That is one of the programmes that even though I worked through it, is not something that I would have on my own, but I must remember I don’t work alone.”

Disappointing economic performance

On the economic performance of the current administration, Quartey said it has been disappointing thus far.

“I think that for the kind of promises that our President made, I expected so much more. For example, I was very excited about the Zongo Development, but I haven’t seen any real Zongo Development.

“Again, the one district one factory I thought was exciting, even though I wondered how that would be funded, but you know, there is wisdom in counsel so let’s see what they would do differently, after all, Ghana belongs to all of us,” she stated.

“I think that the President may be doing his best, but unfortunately his best may not be enough because of some of the manifesto promises and some of the policies that they try to bring up and is working against them,” she added.

Ghana right track in terms of foreign policy

That notwithstanding Quartey expressed delight in President Akufo-Addo’s foreign policies.

“I think the president is doing a great job in terms of foreign relations, for us to have the German Chancellor in Ghana was great, I absolutely liked that. I think the president is going out on all fronts seeking investments which former President Mahama did and he is continuing and I think he is doing a great job with that, trying to get other nations to leverage and do the things that we want to do.”

She asked President Akufo-Addo to be a skilful negotiator, ensuring that agreement entered into benefits the ordinary Ghanaian.

Source: Ghana/Starrfmonline.com/103.5FM

You Might Also Like

Cedi performance in first half of year has been impressive – Finance Minister

NIB to play key role in Ghana’s industrial and agricultural drive

We chose to save, not collapse an indigenous bank – Ato Forson

Government transfers 500 million Nestlé Ghana shares to NIB – Finance Minister

Mahama bans gov’t contracts in foreign currencies – Finance Minister

TAGGED:IMFMona Quartey
Share This Article
Facebook Twitter Email Print
Share
Previous Article Amazon’s market value tops $1tn
Next Article #12: Football Officials busted in West, Central and Southern African Countries

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?