A delegation from the International Monetary Fund (IMF) will hold a series of meetings with government officials on Ghana's economic recovery programme, beginning Wednesday July 6.
The meeting is taking place after Ghana announced it would engage the Fund for a Balance of Payment Support.
President Akufo-Addo on Friday authorised the Ministry of Finance to formally engage the Fund for a Balance of Payment support.
The president had earlier engaged the IMF Managing Director, Miss Kristalina Georgieva to declare the government’s intention.
A statement released by the Ministry of Finance on Monday said the IMF delegation would arrive in the country on Tuesday.
“The Ministry further takes this opportunity to assure Ghanaians of the Government's commitment to successfully negotiate a program with the IMF in the coming months, in support of Ghana's economic recovery,” the statement said.
The government upon exiting an IMF programme in 2019 is heading back to the Fund after being hit by the COVID-19 pandemic and the Russia Ukraine crisis.
The twin crisis led to increased inflation and high debt levels of almost 80 per cent of GDP, locking the country out of the International Capital Market.
A declining foreign exchange reserve has put pressure and led to the depreciation of the cedi against major trading currencies.
Latest Stories
-
Let’s live peacefully and shame our saboteurs – Savannah executives of NPP, NDC
3 hours -
Reconstruction of Agona-Nkwanta-Tarkwa road 80 per cent complete
3 hours -
Internet penetration: 10.7 million Ghanaians offline – LONDA Report
3 hours -
USC cancels grad ceremony as campus protests against Israel’s war in Gaza continue
3 hours -
Harvey Weinstein’s 2020 rape conviction overturned in New York
3 hours -
US Supreme Court divided on whether Trump can be prosecuted
3 hours -
There’s enough justification for Affirmative Action Bill to be passed – Minka-Premo
3 hours -
Don’t allow people to manipulate you into vaccine hesitancy – Dr Adipa-Adappoe
3 hours -
Suspend implementation of Planting for Food and Jobs 2.0 for 2024 – Stakeholders
4 hours -
Parkinson’s disease no longer confined to the elderly – Public Health Physician, Dr Momodou Cham warns
4 hours -
Persons living with Parkinson’s disease appeal for support as they face stigmatization
4 hours -
36-year-old-trader sentenced for stealing employer’s money
4 hours -
9 signs you’re falling in love with someone who thoroughly enjoys emotional manipulation
4 hours -
Catholic Diocese of Keta Akatsi hosts Parkinson’s support group meeting
4 hours -
Wa Naa appeals to Akufo-Addo to audit state lands in Wa
4 hours