IMF to Visit Ghana for Talk on Funding Support

IMF to Visit Ghana for Talk on Funding Support

An International Monetary Fund (IMF) staff team will visit Ghana again from Dec. 1 to 13 to continue discussions on Accra’s request for a support programme.

In a statement, the Fund said the visit is to continue discussions with the authorities on the country’s post-COVID program for economic growth and associated policies and reforms that could be supported by a new IMF lending arrangement.

Stretching further, IMF staff will also further engage with other stakeholders during the visit. Ghana turned to the IMF for help in July as its balance of payments deteriorated and hundreds took to the streets to protest against economic hardship.

The country is facing its worst economic crisis in a generation, with rampant inflation, spiralling debt and a tumbling local currency. “We have had productive discussions with the Ghanaian authorities over the last few months and look forward to our engagement in Accra.

“Our objective for this visit is to make further progress toward reaching an agreement on policies and reforms that could be supported by an IMF lending arrangement. READ: Brent Slides to $71.40 amidst Delay in Iran Nuclear Deal Talk

“The IMF remains fully committed to help Ghana restore macroeconomic stability, bring relief to Ghanaians in this time of crisis, and lay the foundation for more inclusive growth,” staff team head Stephane Roudet said in the statement. # IMF to Visit Ghana for Talk on Funding Support

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