The government has affirmed its commitment in reaching a Staff-Level Agreement with the International Monetary Fund (IMF) by the end of 2022.
With this objective in mind, it pointed out, in a statement that negotiations will continue, with the IMF Mission Team expected in Accra in the next few weeks.
This is coming after a government delegation successfully concluded a trip to Washington D.C., to attend the Annual Meetings of the World Bank and International Monetary Fund; and continue negotiations for IMF support for Ghana’s Post-Covid Programme for Economic Growth.
“A pathway towards fiscal sustainability has also been extensively discussed, and the Government of Ghana and the IMF remain fully committed to the goal of reaching a Staff-Level Agreement on a Programme, within the shortest possible time”.
It said the Annual Meetings concluded successfully with a renewed sense of urgency for countries to rally together to bolster the global economy, in light of the dim outlook for advanced and frontier markets alike.
“The delegation also had several positive and encouraging engagements with the World Bank, Bilateral Partners, US State Officials, and External Investors”, it stressed.
It explained that “several meetings were held between the Government of Ghana and the IMF, advancing negotiations towards a Fund-supported Programme”. Adding “a clear path towards the final details of a Programme has been agreed upon by both parties, with the goal of reaching a Staff-Level Agreement by the end of the year”.
The government thanked the IMF, the World Bank, its Bilateral Partners, and External Investors, for their continued support.
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.
Source: Myjoyonline
