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
-
FDA discovers expired food items at Zuarungu SHS storeroom
12 mins -
Bahamas World Relays: Ghana paired with world and Olympic champions in Heat 1
8 hours -
Bahamas 2024 Relays: Star-studded cast ready to put on pre-Paris show
8 hours -
Bahamas Relays preview: clash of global title-winning teams in men’s 4x100m
9 hours -
Arsenal keeper Raya wins Premier League Golden Glove
9 hours -
Iñaki Williams scores twice in Athletic Bilbao’s win over Getafe
9 hours -
Argument with Salah ‘completely resolved’ – Klopp
9 hours -
Reus to leave Dortmund at the end of the season
10 hours -
Uefa confirms 26-man squads for Euro 2024
10 hours -
Teacher Unions press home demands for the new allowances
10 hours -
Media’s failure to hold government accountable for ‘galamsey’ alarming – Mahama
10 hours -
Keta Presbytery urges Akufo-Addo to assent to anti-LGBTQ+ Bill
10 hours -
Ghanaian midfielder Lawrence Ofori nets maiden goal of the season with stunner against Vizela
10 hours -
Community fearful after off-duty policemen shot dead at East Trasacco
10 hours -
Dext Technology partners KNUST to train basic school teachers on STEM
10 hours