BY: DANIEL ASARE
President of the Concerned Second-Hand Dealers Association of Ghana, Daniel Asare has reacted to the International Monetary Fund’s decision to review Ghana’s Programme for three hundred and sixty million dollars disbursement on December 2nd 2024.
According to him, this initiative by government will help stabilize the cedi which has depreciated amongst some trading currencies.
Finance Minister Dr. Mohammed Amin Adam has disclosed that the IMF Board is scheduled to meet on December 2, 2024, to discuss Ghana’s Third Programme Review.
This review could result in the release of three hundred and sixty million dollars to the Bank of Ghana to support the government’s budget and balance of payment needs
At a press briefing in Washington, DC, during the Annual IMF/World Bank Meetings, he stated that Ghana has met all requirements for approvals and disbursements under the International Monetary Fund programme
Reacting to the issue, President of the Concerned Second-Hand Dealers Association of Ghana, Daniel Asare opined that, the initiative will help stabilize the local currency in the midst of deepening economic crisis
He also admonished the teeming youth to exercise restraint as Ghana heads to the polls on December 7, 2024
A consumer of second-hand wares, Veronica Elo has bemoaned the high cost of such items and called on government to reduce taxes on imported goods for the better