Audio By Carbonatix
Government and the International Monetary Fund (IMF) will announce a staff-level agreement today, Tuesday, December 13.
The Ministry of Finance announced this in a post on Monday.
According to the post, a joint press conference will be held at 10am.
— Ministry of Finance, Ghana (@MoF_Ghana) December 12, 2022
After this, the IMF board will subsequently negotiate and probably approve a programme for the country.
In recent days, the cedi has been improving in value against the US dollar, sending a signal that a deal between Ghana and the Fund could be reached soon.
The government also began restructuring the country’s debt from Monday, December 5, a major step in reaching a deal with the IMF to start a programme. The Debt Exchange Programme started with domestic debt.
A visiting IMF team led by Stéphane Roudet, Mission Chief for Ghana, has been in the country since December 1, to continue discussions with Ghanaian authorities on the country’s post-COVID-19 programme for economic growth and associated policies and reforms that could be supported by a new IMF lending arrangement.
Ghana retuned to the IMF for support in July 2022 to enable the country meet its payments to the rest of the world and restore the health of government finances.
It is the second time in the past three years, and 17th since independence in 1957 that Ghana has turned to the IMF for help.
Latest Stories
-
NPRA recovers GH¢27m in 2025, 30% of defaulted pension contributions
1 minute -
Accra: Police probe dead body retrieved from Nkrumah Circle drain
2 minutes -
Power fluctuations slash Ashanti region water production by 959,000 cubic metres in March
6 minutes -
Beyond the festivities: Gomoa must turn visibility into development
15 minutes -
DVLA clarifies it is not responsible for Toyota Voxy commercial operations
16 minutes -
Calls for Ofori-Atta’s return a non-issue if trial proceeds in absentia – Pius Hadzide
19 minutes -
France names Ghana first beneficiary of newly established National Health Compact
25 minutes -
US Immigration, extradition outcomes likely to influence each other in Ofori-Atta case – Amanda Clinton
28 minutes -
29-year-old woman rescued after hiding in drain to escape attackers
41 minutes -
Gramps Morgan names Ghanaian business leader Monalisa Effah as Ghana-Jamaica Homecoming Ambassador
1 hour -
CAF President urges faith in African football despite AFCON 2025 issues
2 hours -
AFCON U-17: Black Starlets’ aim is to win trophy – Head Coach Prosper Ogum
2 hours -
ENFA expands access to global capital for Ghanaian SMEs
2 hours -
Beyond security: Why mobile payment fraud has become a customer experience crisis
2 hours -
Former Effia MP demands full disclosure of Truedare AI deal, warns of ‘hidden risks’
2 hours