Economy IMF in talks with Ghana over possible extension of aid package

IMF’s Head of Africa Department, Abebe Amero Selassie, said the extension of the programme rest with Akufo-Addo administration.

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The International Monetary Fund is in talks with Ghana over a possible extension of its three-year aid package to Ghana.

IMF’s Head of Africa Department, Abebe Amero Selassie, said the extension of the programme rest with Akufo-Addo administration.

Selassie made this known in response to a question about the status of the IMF deal with Ghana at a World Bank/IMF spring summit in Washington, USA.

READ MORE: IMF deal to end in April 2018 – Finance Minister

“We are in discussions and we will let you know as soon as a decision has been taken by the government of Ghana,” he said. “We are happy for the government to finish its deliberations and we are also initiating back and forth discussions.”

Ken Ofori Atta has said the IMF deal with will end in April 2018.

In 2015, Ghana entered into a three-year agreement for $918 million to, among others, restore macroeconomic stability.

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