President Nana Addo Dankwa Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to commence formal engagement with the International Monetary Fund (IMF) to support the government’s economic programme.
A press release issued by the Ministry of Information on Friday said the decision followed a telephone conversation between the President and the IMF Managing Director, Miss Kristalina Georgieva, conveying Ghana’s decision to engage with the Fund.
“At a meeting on June 30th, 2020, Cabinet indicated its support for the decision,” the statement said.
The engagement with the IMF, according to the statement, seeks to provide a balance of payment support as part of a broader effort to quicken the country’s economy which had been greatly affected by the COVID-19 pandemic and the Russia-Ukraine crisis.
Rex Mainoo Yeboah, ISD