The International Monetary Fund has said that it is important for Ghana to stick to the International Monetary Fund – support programme being implemented over the next three years.

Addressing the press in Washington, DC, on February 5, 2024, the Director of African Regional Department at the IMF, Abebe Aemro Selassie said it is really important for Ghana to implement the programme fully.

He however pointed out that the Fund will continue to support Ghana, consistent with the programme implementation. 

“What I can say is that going forward would be really really important that Ghana continues to implement the programme that they have developed as envisaged. That is really critical”.

“These programmes are designed to be implemented over three, four years. And it is important that you stick…Ghana's sticks the course and see the programme being implemented over the next three years. So, we look forward to continuing to support Ghana, consistent with program implementation”, he explained.

He pointed out that the official creditors have signalled to provide debt relief, consistent with what Ghana needs.

This he assured his outfit support for Ghana to prevent the debt restructuring with external creditors from dragging as a result of the ‘push for equal terms’ by the creditors.

The government is currently working to reach a final deal with bilateral and commercial creditors on the debt restructuring. However, there are fears the ‘push for equal terms’ for all categories of creditors could drag the process and hurt Ghana’s programme and the economy.

Ghana has so far received $1.2 billion as bailout package from the IMF for the three year programme.