Ghana starts IMF negotiations
Business
Ghana is seeking $3billion from the IMF
The ministry of finance and the Bank of Ghana have commenced discussions with the IMF for an IMF-supported programme.
A key pre-requisite for a programme is confirmation that Ghana’s debt is on a sustainable path and this will require a comprehensive Debt Sustainability Analysis (DSA), which is currently ongoing.
A statement from the Finance Ministry said the Government is putting together a comprehensive post-Covid-19 economic programme which will form the basis for the IMF negotiations.
The programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability underpinned by key structural reforms and social protection.
As government negotiations with respect to the IMF-supported programme commence this week, the MoF has expressed optimism about making progress in the discussions.
The government says it remains committed and shall continue to actively engage all stakeholders, both public and private, in a clear and transparent manner as it seeks to fast-track this process.
Ghana is seeking $3 billion from the IMF.
Trending Business
President directs GRA to review TAGG petition on Truedare digital tracking agreement
15:32
TAGG President criticises Parliament over Truedare port digitalisation contract
15:03
Dr Gideon Boako hints at new GoldBod losses in Bank of Ghana audited accounts
11:13
KGL striving as Fourth Estate continue chasing non-existent glory
08:26
VALCO targets full revival of two potlines by 2027 as smelter recovery gains momentum
01:53
MoFA begins poultry distribution in Ashanti Region under 'Nkoko Nketenkete' initiative
18:50
GRA, GUTA join forces for smooth rollout of new VAT Law
12:24
NPA commits to sustainable development through effective petroleum regulation – Tameklo
11:53
Ghana holds debt restructuring talks with Saderea bondholders
11:20
IMF-reported $214m gold trading loss occurred after my exit from PMMC – Nana Awuah
10:08
