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
-
61 new architects acquire state license to practice in Ghana
24 mins -
Masloc CEO honoured as capacity building Shero of the Year
32 mins -
MPs’ Repeated Attempts to Sue the Speaker: Unintended Consequences for the 2024 Elections?
36 mins -
Today’s front pages: Tuesday, November 5, 2024
46 mins -
Galamsey: Investigation into attack on Joy News’ Erastus Asare and colleagues already growing cold
1 hour -
Mahama promises construction of stadia in all 16 regions if elected
2 hours -
Dampare has transformed Police training school – Bawumia
2 hours -
America braced as two stark visions collide on election day
2 hours -
NAPO urges Ghanaians to support NPP’s vision for national development
2 hours -
About 95% of PWDs in Obuasi have source of livelihood – MCE
2 hours -
Immigration Service intercepts 54 gallons of fuel
2 hours -
Election 2024: Roman Fada selected as flagbearer for Ghana Freedom Party
2 hours -
Bawumia to launch Ghana’s credit scoring system on Nov. 7
2 hours -
Alan to combat galamsey with strategic youth-centred business model
2 hours -
Agona Swedru chiefs commit to ending child marriage within their jurisdiction
3 hours