The International Monetary Fund (IMF) has denied classifying Ghana as a Highly Indebted Poor Country (HIPC) based on data on its website.
According to an e-mail responds sent to JoyBusiness, based on some questions sent to the Fund in Washington DC, it said any interpretation to that effect “may be deceptive.”
This follows claims by the flagbearer of the National Democratic Congress (NDC) that the country has been categorised back under HIPC due to what he believes is economic mismanagement by the governing NPP.
Speaking at a Professionals Dialogue series in Accra on Monday, John Mahama said the IMF forecasts Ghana’s current rate of borrowing and debt at 76.7 per cent debt to GDP ratio.
Government has already debunked these claims describing it as fake news which must be taken with a pinch of salt.
However, in a correspondence with JoyBusiness, the Fund argued that the list on its website are for all countries that have been on the HIPC program since 1996 are regularly updated.
It added, “this must not be interpreted as a new HIPC list, any such interpretation is flawed and may be deceptive the IMF added.”
Source:Fiilafmonline/JoyNews
