As talks enter the second day, Ghanaians are looking forward to hearing the outcomes of what has ensued as far as a financial bailout is concerned.

Government is currently at the doors of the International Monetary Fund (IMF) engaging over possible assistance to prevent the economy from crashing further.

The Fund’s officials, led by Mission Chief for Ghana, Carlo Sdralevich, arrived in Ghana on Tuesday and held introductory deliberations with stakeholders including the Vice President, Dr Muhamadu Bawumia on July 6.

https://www.youtube.com/watch?v=hPWycjyhw3k

Government has come under intense criticism for its management of the economy amid an ever-increasing cost of living.

The meeting with the IMF centres around expenditure, market reserve management, domestic arrears, expenditure controls and fiscal reporting.

https://www.youtube.com/watch?v=kp3qSrqwkNk

The team from the IMF is also expected to undertake a lot of data gathering and reconciliation.

The team will also look at the design of the e-levy, estimated yield, the mobilization measures and the nature of its implementation.

Fiscal returns for the first half of the year and the 30% expenditure cuts, financial sector payments, the wage bill and internally generated funds will be high on the agenda.

https://www.youtube.com/watch?v=xlZuDqAn1Yg

The negotiators will also deliberate on the Benchmark Value reversal and estimated yield by imports including duties, Value Added Tax (VAT), among others.

It may also consider updates on the implementation of other tax measures including property and eCommerce taxation.

Meanwhile, the IMF has already communicated its intention to help Ghana "to restore macroeconomic stability, safeguard debt sustainability, and promote inclusive and sustainable growth, and address the impact of the war in Ukraine and the lingering pandemic.”