We're coming to Ghana to discuss and support homegrown economic policies - IMF

The International Monetary Fund (IMF) has confirmed its visit to Ghana to meet with government officials for discussions on a possible bailout for the country.

International Monetary Fund (IMF)

The Fund in a statement issued on Tuesday, June 5, said its team would be led by Carlo Sdralevich.

The IMF also stated in its statement that it will in Accra from July 6 – 13 to begin initial discussions with the Ghanaian authorities.

On the basis of a request from the Ghanaian authorities, an IMF staff team will in the coming days kick-start discussions on a possible program to support Ghana’s homegrown economic policies. We are at an early stage in the process, given that detailed discussions are yet to take place.

The IMF stands ready to assist Ghana to restore macroeconomic stability, safeguard debt sustainability, and promote inclusive and sustainable growth, and address the impact of the war in Ukraine and the lingering pandemic.”

“We are looking forward to our engagement with the authorities in Accra,” the IMF concluded.

President Nana Akufo-Addo on Friday, July 1, 2022, directed the Finance Minister, Ken Ofori-Atta, to commence engagements with the Bretton Woods institution on a possible economic bail-out.

Meanwhile, the Finance Ministry has also assured Ghanaians of the Government’s commitment to successfully negotiate a program with the IMF in the coming months, in support of Ghana’s economic recovery.

The decision to go to the IMF have been received with mixed reactions. Labour unions including TUC have chided the government for its decision to seek support from the Fund.

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