Brown Bag Lunch: A New IMF? Transparency and Citizen Participation in Ghana's IMF Program

Who:

Albert Kan-Dapaah, Executive Director of Financial Transparency and Accountability (FAT) Africa and former Public Accounts Committee Chair, Parliament of Ghana

Mohammed Amin Adam, Executive Director, African Center for Energy Policy (ACEP)

Wendell Daal, Senior Economist, IMF Africa Department 

Representative, Embassy of Ghana, TBC 

Moderated by:

Omar Ortez, Senior Policy Advisor for Active Citizenship, Oxfam America

When: 

Wednesday, May 20th
12 Noon

Where:

Oxfam America
1101 17th St. NW, Suite 1300
Washington DC, 20036

RSVP here

A light lunch will be provided

Five years ago, Ghana was at the dawn of an oil boom and there were hopes that new oil revenues and other signs of progress would help catapult the country firmly into the ranks of middle-income countries. Last year, though, Ghana was facing a fiscal crisis and a rapidly depreciating currency. Additionally, oil prices and revenues plummeted and Ghana found itself forced to turn to the IMF for an economic bailout. The IMF bailout program, approved last month, was the subject of intense negotiations.  As program talks between Ghana and IMF negotiators advanced, Ghanaian civil society groups organized a Civil Society Platform to make their views known. With support from Oxfam the Platform proposed four guiding principles based on which citizens engaged both negotiating parties: (1) Making broad consultation with Ghanaian citizens an integral part of the package negotiation process; (2) Setting transparency and accountability measures that address underlying causes fueling undisciplined public spending; (3) Protecting strategic pro-poor and pro-development spending; and (4) Improving revenue collection, especially from large economic actors. The final program agreed upon by Ghana and the IMF contains important policy commitments by the government which will need to be closely monitored by civil society and the IMF.

Please join us at Oxfam to discuss with our panelists:

How the negotiation process worked and how citizens engaged the process through a "local-to-global" advocacy approach; what the contents of the agreement have achieved in terms of transparency, participation and inclusion; where achievements need follow through and how this process could serve as an example of how international agreements of this kind can help improve accountable fiscal governance at the national level.

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