Audio By Carbonatix
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has urged Ghana's creditors to support the country, saying, Ghana has a track record of sound macroeconomic management.
Speaking at a press conference at the ongoing IMF/World Bank Spring Meetings, Madam Georgieva said she is optimistic the IMF-support programme for Ghana will restore macroeconomic stability.
“Let’s remember that Ghana for a long time, has done really well to tap markets to finance its growth path. It has been, like all innocent bystanders, hit by Covid, hit by the war in Ukraine; and it has complicated domestically, the ability to finance the budget”.
“So a country that has a long track record of sound macroeconomic management, it ought to be supported to return to markets [financial markets]. So our programme is a bridge for Ghana and to tell you the truth, I am actually quite optimistic.”
Madam Georgieva, earlier gave the Fund’s firm assurance that it will act swiftly to approve Ghana’s programme request as soon as a deal is reached with its creditors.
According to her, “we are sure that the creditors are going to move swiftly at next week’s meetings and are also going to move swiftly on Ghana’s request”.
She urged Ghanaians to stay positive on the country’s programme request since an action will soon be taken swiftly.
Latest Stories
-
Tems becomes first African female artiste to have 7 entries on Billboard Hot 100
4 minutes -
Gov’t declares Wednesday as ‘Fugu Day’ to promote Ghanaian heritage
5 minutes -
Interior Ministry trains police officers on Armoured Bullion Vehicle operations
12 minutes -
OSP releases Baba Jamal on self-recognisance bail after interrogation
15 minutes -
BoG advocates practical framework to support orderly listing of banks on GSE
19 minutes -
Baba Jamal interrogated by Special Prosecutor over alleged vote-buying claims
30 minutes -
Hooked on survival: Human impact of climate-driven illegal fishing
42 minutes -
Agric economist demands end to political control in cocoa industry
1 hour -
Speaker directs business committee to schedule anti-LGBTQ bill for parliamentary consideration
1 hour -
Inflation drop doesn’t mean prices have fallen – Oppong Nkrumah clarifies
1 hour -
Kenya to confront Russia over ‘unacceptable’ use of its nationals in combat
2 hours -
Running Ghana by elections, not by plans: Galamsey as the consequence
2 hours -
Israeli theatre scholar Prof Roy Horovitz brings cultural exchange to Ghana
2 hours -
Awula Serwaa slams Amansie Central Assembly over ‘Galamsey Tax’ defence
2 hours -
High airport infrastructure charges making Ghana’s aviation sector uncompetitive – stakeholders
2 hours
