IMF Negotiations Will Be Fast Track-Ken Ofori Atta

The Finance Minister, Hon Ken Ofori Atta has stated that the Government of Ghana and International Monetary Fund negotiations will be fast-track for the betterment of Ghana’s economy.

He made this known on Wednesday, September 28, 2022, in Accra at the Ministry of Information during a press briefing on Ghana’s economy.

According to him, formal negotiation with the fund began on September 26, 2022, and discussions are advancing smoothly.

To promote long-term inclusive growth and the promotion of social protection, Mr. Ofori said that the government is dedicated to making sure that a comprehensive package is being negotiated.

He indicated that the IMF mission will cover a period of ten days.

Hon. Ken Ofori Atta disclosed that IMF- World Bank and Ghana team are currently undertaking a debt sustainability analysis to inform the program negotiations.

In addition, he said the Ghana Government team and IMF team are discussing policy measures and structural reforms, proposing economic programmes that will address the economic challenges facing the country.

Hon. Ofori Atta said, Ghana and IMF have not reached any agreement with the Fund support program on the parameters of any debt operation as they are in the process of completing the debt sustainability analysis.

“Government shall continue to actively engage all stakeholders in a clear and transparent manner as the Government seeks to fast track IMF negotiations” he stressed.

He said there must be room for a win-win system after the IMF negotiations.

Source: Adu Gyamfi Kumanin.

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