The International Monetary Fund (IMF) has urged Ghana and other nations implementing debt reforms to build public acceptance of energy subsidies and pension adjustments.
The Fund noted that such reforms, despite their long-term benefits, often faced resistance from the public, civil society organisations, labour unions, and opposition groups.
It recommended effective communication and stakeholder engagement, citing successful approaches in Morocco, Germany, and Colombia.
At a press briefing on the report’s release, Vitor Gaspar, Director of the IMF Fiscal Affairs Department, said energy subsidies and pension reforms could reduce debt, generate savings, and spur growth.
However, he acknowledged their immediate…