for the i.m.f. ghana is a success story. the rule of the i.m.f. is really to advise and micro party she's a we we do not we do not construct bridges and and different up infrastructure but in term of micro stability clearly over the last. few years have done quite well in terms of generating an environment of macroeconomic stability which is necessary to have investment and growth and job creation. current economic success could not have been accomplished without the newly received loans the last loan agreement between ghana and the i.m.f. was in two thousand and nine for the sum of six hundred two million dollars. that time the country experienced some fiscal slippage is and depletion of its international reserves which was a combination of increased public spending but also. the side effect of the global financial crises so we used the reduction of reserve of the central bank to increase the deficit there was a need to. provide some financing. to crises and had to authorities. to make balances. ghana's dept exploded to a new record high reaching

not have been accomplished without the newly received loans the last loan agreement between ghana and the i.m.f. was in two thousand and nine for the sum of six hundred two million dollars at that time the country experienced some fiscal slippage is and depletion of its international reserves which was a combination of increased public spending but also. the side effect of the global financial crises so we had the reduction of reserve of the central bank the increase of the deficit there was a need to. provide some financing. to crises and had to authorities. to make a balance of. ghana's dept exploded to a new record high reaching fourteen point six billion dollars we talk about credit facilities as if. it doesn't have to be paid back but our children and grandchildren will have to pay his debt and i think it's almost like selling the family silver. you do you can get it back. finance led economic management has been they. and their religion of african listened. and every so-called group is seen as a success which therefore should feed that process even. one of the fastest growing economies no

i.m.f. which returned to ghana after eleven years of absence and has remained until today . in the following decades the economy thrived the annual average growth rate lies at five percent unemployment has declined and so has poverty which reached fifty one percent in one thousand nine hundred. twenty nine percent in two thousand and six. the good news does not stop there. it's. quite how much oil is out there. mean look at the point old. the second approach and if you've been given some discomfort. goes back in the night two thousand and seven that news reports show that gone it made a world class oil discovery the true scope of the size of the field wasn't exactly known on but it was clear from that moment on that the gonna assume to join the ranks of africa's oil producers. dependence overall much he also depends on not trying resolves us all busy does not bring i want to talk formation of economies in spite of the huge glories of the me hot with not being able to walk again the never so he can only talk formation now we we so much on for. there's no point to have an if y