Over the last 2½ years, we have followed a path of fiscal consolidation, whilst also investing in the real and social sectors. The prospects also remain bright as the country transitions to lower middle income country. This presents an update on the 2016 Budget Statement and Economic Policy of Government to the people of Ghana and our other stakeholders.
Good afternoon and thank you for making the time to join this media engagement. I am very pleased to be here today representing the International Monetary Fund (IMF) on this important visit to Ghana. Earlier today, I had a very fruitful meeting with President John Dramani Mahama and have also had meetings with Finance Minister Seth Terkper, Bank of Ghana Deputy Governor Millison K. Narh, some of the leading economists, business leaders and representatives of civil society organisations.