The International Monetary Fund has said that it is important for Ghana to stick to the International Monetary Fund – support programme being implemented over the next three years.
Addressing the press in Washington, DC, on February 5, 2024, the Director of African Regional Department at the IMF, Abebe Aemro Selassie said it is really important for Ghana to implement the programme fully.
He however pointed out that the Fund will continue to support Ghana, consistent with the programme implementation.
“What I can say is that going forward would be really really important that Ghana continues to implement the programme that they have developed as envisaged. That is really critical”.
“These programmes are designed to be implemented over three, four years. And it is important that you stick…Ghana's sticks the course and see the programme being implemented over the next three years. So, we look forward to continuing to support Ghana, consistent with program implementation”, he explained.
He pointed out that the official creditors have signalled to provide debt relief, consistent with what Ghana needs.
This he assured his outfit support for Ghana to prevent the debt restructuring with external creditors from dragging as a result of the ‘push for equal terms’ by the creditors.
The government is currently working to reach a final deal with bilateral and commercial creditors on the debt restructuring. However, there are fears the ‘push for equal terms’ for all categories of creditors could drag the process and hurt Ghana’s programme and the economy.
Ghana has so far received $1.2 billion as bailout package from the IMF for the three year programme.
Latest Stories
-
Fugitive Zambian MP arrested in Zimbabwe – minister
19 mins -
Town council in Canada at standstill over refusal to take King’s oath
30 mins -
Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws
42 mins -
Providing quality seeds to farmers is first step towards achieving food security in Ghana
53 mins -
Kenya’s president cancels major deals with Adani Group
2 hours -
COP29: Africa urged to invest in youth to lead fight against climate change
2 hours -
How Kenya’s evangelical president has fallen out with churches
2 hours -
‘Restoring forests or ravaging Ghana’s green heritage?’ – Coalition questions Akufo-Addo’s COP 29 claims
2 hours -
Ensuring peaceful elections: A call for justice and fairness in Ghana
3 hours -
Inside South Africa’s ‘ruthless’ gang-controlled gold mines
4 hours -
Give direct access to Global Health Fund – Civil Society calls allocations
4 hours -
Trudeau plays Santa with seasonal tax break
4 hours -
Prince Harry jokes in tattoo sketch for Invictus
4 hours -
Akufo-Addo commissions 200MW plant to boost economic growth
5 hours -
Smallholder farmers to make use of Ghana Commodity Exchange
5 hours