'Ofori-Atta cooks macroeconomic data to fool IMF'

'Ofori-Atta cooks macroeconomic data to fool IMF'


Summary short_text

"The IMF has been a bit hypocritical in all these, because the signals have been there. It's not today that we've raised the issue about the finance minister cooking the books. He's been cooking the books over the last four years. What he does is, he gives out some big tickets budget items and puts them as footnotes so that he can get a better fiscal report to give to the international community."
"He's used it to fool the IMF, He's used it to fool Moody's, Fitch and all the rating agencies, he's used to fool the economist intelligence unit, all of them, by giving a rosy picture that they're better economic managers," he said in an interview with TV XYZ on Friday.
The government presented a revised 2020 budget in July as part of its Mid-Year Budget Review, which contained an additional GH?11 billion in COVID-19 related expenditure.


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