{"id":57934,"date":"2022-12-14T16:19:57","date_gmt":"2022-12-14T16:19:57","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=57934"},"modified":"2022-12-14T16:20:29","modified_gmt":"2022-12-14T16:20:29","slug":"i-feel-neutral-about-the-imf-bailout-dr-asuming","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=57934","title":{"rendered":"I feel neutral about the IMF bailout \u2013 Dr. Asuming"},"content":{"rendered":"\n<p>Economist, Dr Patrick Assuming says he is not too excited about the International Monetary Fund (IMF) bailout because the conditions are temporary.<\/p>\n\n\n\n<p>According to him, the current cedi appreciation is not surprising because the IMF deal compelled speculators who were hoarding the dollars to exchange it for cedis.<\/p>\n\n\n\n<p>Speaking on&nbsp;<strong>Joy Prime,&nbsp;<\/strong>Dr Assuming<strong>&nbsp;<\/strong>stated that this is just a restoration of Ghana\u2019s previous losses.<\/p>\n\n\n\n<p>\u201cSo let\u2019s not put it as if the cedi has gained, I mean compared to 2 weeks ago yes but from where we started the year this is more or less a correction recovering some of the losses from earlier in the year\u201d, he said on Wednesday.<\/p>\n\n\n\n<p>The economist says he doubts that the local currency will \u201ceven get back to where we were at the start of the year.\u201d<\/p>\n\n\n\n<p>\u201cDon\u2019t forget that before all these economic news and movements we were sitting around six and half, my sense is that we will definitely not return to six and half, the best we could get all the way to will be 9 or 8 but we will not even get back to where we were at the start of the year,\u201d Dr. Assuming indicated.<\/p>\n\n\n\n<p>However, he believes there could possibly be a depreciation of the cedi if the conditionalities are not followed religiously.<\/p>\n\n\n\n<p>On Tuesday, December 12, the IMF reached a staff-level agreement on a three-year $3 billion with the government.<\/p>\n\n\n\n<p>This initiative is to help Ghana manage its economic crises and huge debts.<\/p>\n\n\n\n<p><strong>SEND A STORY:<\/strong>&nbsp;Do you have a story for us or need a promotion \/ advertisement? Submit them via our email&nbsp;<strong><a href=\"mailto:dannyboy744@gmail.com\">dannyboy744@gmail.com<\/a>&nbsp;and via on +233 266777777<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economist, Dr Patrick Assuming says he is not too excited about the International Monetary Fund (IMF) bailout because the conditions are temporary. According to him, the current cedi appreciation is not surprising because the IMF deal compelled speculators who were hoarding the dollars to exchange it for cedis. Speaking on&nbsp;Joy Prime,&nbsp;Dr Assuming&nbsp;stated that this is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":57935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-57934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>I feel neutral about the IMF bailout \u2013 Dr. Asuming - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=57934\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I feel neutral about the IMF bailout \u2013 Dr. Asuming - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"Economist, Dr Patrick Assuming says he is not too excited about the International Monetary Fund (IMF) bailout because the conditions are temporary. 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