The International Monetary Fund (IMF) has indicated it is fully committed to reaching an agreement on a framework and policies for an IMF-supported programme as soon as feasible.

This follows the conclusion of a meeting between the Fund, led by Stéphane Roudet, and the Finance Minister, Ken Ofori-Atta; the Governor of the Bank of Ghana, Dr Ernest Addison, and other team members.

It, however, did not indicate when the framework and policies for an IMF-supported programme will be announced.

In a statement issued by Stéphane Roudet, the Fund said, “we made good progress in identifying specific policies that would restore macroeconomic stability and lay the foundation for stronger and more inclusive growth”.

“The IMF team and the Ghanaian authorities remain fully committed to reaching an agreement on a framework and policies for an IMF-supported program as soon as feasible. Discussions will continue in the weeks ahead, with a follow-up mission to take place expeditiously.”

It concluded that “the Ghanaian delegation and IMF staff had very fruitful discussions on the authorities’ post-Covid-19 programme for economic growth and associated policies and reforms that could be supported by a new IMF arrangement.