President Nana Akufo-Addo has directed Finance Minister Ken Ofori-Atta to start formal engagements with the International Monetary Fund (IMF).
The talks with the IMF may see Ghana inviting the fund to support the country’s economic programme put together by the NPP government.
A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicated that there had already been a conversation between the IMF boss, Kristalina Georgieva and President Akufo-Addo. conveying government’s decision to engage the Fund.
“The President of the Republic, Nana Addo-Dankwa Akufo-Addo, has authorized Finance Minister, Ken Ofori-Atta, to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic programme put together by the Government of Ghana”.
Cabinet at a meeting on June 30th, 2022, supported government’s decision to pursue an economic programme from the Fund.
The engagement with the IMF, the statement, pointed out will seek to provide a balance of payment support as part of a broader effort to quicken Ghana’s build back in the face of challenges induced by the COVID-19 pandemic and, recently, the Russian-Ukraine crisis.
Read the full statement below:
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