The International Monetary Fund (IMF) has assured Ghana that it will move fast and do much as it can to support the country come out of the economic challenge it find itself.
In a press briefing ahead of the G20 Meeting, the Fund said it supported Ghana before and during Covid-19 pandemic and will continue to do same.
Gerry Rice of the Communication Department said “just a reminder that in this crisis [Covid-19] over the last couple of years, we have moved faster in an unprecedented way for the IMF in terms of speed with our emergency financing, with our direct debt relief and, of course, there was the SDR allocation less than a year ago”.
“So, you know, we’re doing as much as we can, looking to do as much as we can, Shabtai, and I’m sure you’re watching almost, you know, on a week-by-week, and sometimes day-by-day basis”, he pointed out.
“There’s plenty of action, plenty of support going to countries from the IMF just in recent days. Moldova, the $171 million to Senegal, the $456 million to Mozambique, the $638 million recently to Benin. And, of course, emergency financing through our facilities can still be provided when members face urgent balance of payment problems and, what we call, and upper-traded trench regular programme is either not feasible or not necessary”, he stressed.
“But just to say, this is not a static situation, we’re really moving every day, and I’ve just given a few examples there of the types of support we’ve been providing”, he added.
Ghana last week requested for an IMF programme to support its homegrown economic programme.
An IMF mission subsequently visited the country from July 6th to July 13th to ascertain the true state of the economy.
It issued a comprehensive statement on Ghana and expected to expedite action on the economic support for the country.
Latest Stories
-
Police ‘waiting for court date’ on Erastus’ case is a lie – Samson Anyenini
4 mins -
Sports facilities are better managed by institutions – UG Sports Director on maintenance of Legon stadium
34 mins -
Ghanaian businesses must align vision with strategy to mitigate ESG Risks – KPMG
45 mins -
MTN achieves 30% localisation of Scancom PLC
45 mins -
Attorney-General: Some lawyers sacrifice ethics for ‘cheap’ political gains
57 mins -
Bond market: Volume up by 12.45% to GH¢746m
57 mins -
Cedi records year-to-date loss of nearly 29%; one dollar going for GH¢17.10
1 hour -
‘Our priorities are wrong in Ghana’ – UG Sports Director on sports development
1 hour -
The Fourth Estate’s investigative report wins 2nd place at 2024 AIJC
1 hour -
GPL: Our fans spur us on – GoldStars head coach Frimpong Manso on unbeaten run
2 hours -
Plantain chips are breaking hearts in Africa
2 hours -
61 new architects acquire state license to practice in Ghana
3 hours -
Masloc CEO honoured as capacity building Shero of the Year
3 hours -
MPs’ Repeated Attempts to Sue the Speaker: Unintended Consequences for the 2024 Elections?
3 hours -
Today’s front pages: Tuesday, November 5, 2024
3 hours