The government and the International Monetary Fund (IMF) have agreed on a clear pathway towards the final details of the IMF programme to reach a staff-level Agreement by the end of the year.
The pathway, which is towards fiscal sustainability, has been extensively discussed, and the Government of Ghana and the IMF remain fully committed to continuing the negotiations in Accra in the next few weeks.
This was contained in a press statement issued by the Ministry of Finance on Friday, October 21st, 2022.
According to the release, the government also had several positive and encouraging engagements with the World Bank, Bilateral Partners, US State Officials and External Investors at the annual meetings of the World Bank and IMF in Washington D.C.
“Several meetings were held between the Government of Ghana and the IMF advancing negotiations towards a Fund-supported Programme,” it added.
The government expressed gratitude to the IMF, World Bank, Bilateral Partners and External Investors for their continued assistance.
“Furthermore, the Ministry of Finance and the Bank of Ghana thank the people of Ghana for their forbearance in what is undoubtedly a troubling and challenging time for our economy and economies globally. The government will continue to work with a fierce sense of urgency, to stabilize the economy and place it back on a firm trajectory of growth,” it added.
It assured Ghanaians that regular updates on IMF programmes would continue.
“The Ministry undertakes to continue to provide regular updates and further details of our economic Programme to the public, immediately they become available. These updates will be posted on the Ministry’s website, under a section titled IMF Programme updates,” it said.
Patience Anaadem, ISD