The IMF boss declares his joy at helping Ghana after meeting with Ofori-Atta

In a tweet, she stated that the IMF is prepared to help Ghana create the foundation for faster growth.

The IMF MD spoke with Ken Ofori-Atta, Ghana’s finance minister, who, according to the Daily Guide, is abroad of the country undergoing a medical examination.

“Finance Minister Ofori-Atta and his team participated in a productive discussion to discuss Ghana’s economic problems and potential solutions. We are prepared to contribute in order to support the government’s efforts to strengthen growth, stabilize the economy, and assist the most disadvantaged people, she wrote on Twitter.

The Vice President, the Finance Minister, and the Bank of Ghana were among the important parties the IMF met with during its fact-finding visit to Ghana, which was completed in July.

Fitch Ratings recently reduced Ghana’s rating from B- to CCC.

Additionally, in July 2022, the country’s inflation rate reached 31.7 percent.

Within six months, an agreement with the IMF should be in place, according to Fitch.

Additionally, reports claim that the government is asking the Fund for $3 billion to help stabilize the economy.

The COVID-19 pandemic and the Russia-Ukraine war have frequently been cited by Ghana’s administration as the causes of the current predicament.

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