Government puts together post Covid-19 economic programme to guide IMF negotiations

The government claims to be developing a post-Covid-19 economic agenda that will serve as the framework for discussions with the International Monetary Fund.

A press release issued by the Finance Ministry on September 26, 2022, summarized this.

The program, according to the ministry, aims to create a macro-fiscal path that guarantees debt sustainability and macroeconomic stability, both of which are supported by significant structural changes and social protection.

According to the statement, conversations with the IMF for a program that would be funded by the IMF have already started between the Bank of Ghana and the Ministry of Finance.

A complete Debt Sustainability Analysis (DSA), which is now under way, is required to establish that Ghana’s debt is on a sustainable path, according to the Finance ministry.

Additionally, it stated that “government negotiations about the IMF-supported plan are starting this week and we are enthusiastic about making progress in our discussions.”

As we work to expedite this process, the government “remains committed and shall continue to actively engage all stakeholders, both public and private,” it continued.

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