The International Monetary Fund (IMF), has affirmed its readiness to offer financial support to Ghana to help restore her macroeconomics stability affected by the COVID-19 pandemic and the Russia-Ukraine war.
Ghana through its Information Ministry in a statement on Friday, July 1, 2022, officially announced that it was seeking support from the IMF.
In the statement, President Akufo-Addo “authorised Finance Minister Ken Ofori-Atta to commence formal engagements” with the IMF to help address the economic crisis.
The announcement was in line with a phone conversation between President Akufo-Addo and the IMF chief, Kristalina Georgieva.
Meanwhile, the resident representative of the IMF in Ghana, Dr Albert Touna-Mama, said his outfit is ever ready to support the West African Country following the government’s stance to seek solace for their economic sector.
“We can confirm that the authorities have been in touch to request [the] Fund’s support to #Ghana’s own economic programme.
“The #IMF stands ready to assist #Ghana to restore macroeconomics stability; safeguard debt sustainability; promote inclusive and sustainable growth; and face the impact of the war in #Ukraine and the lingering pandemic,” Dr. Albert said.
He added that going forward his outfit is expected to meet with the “authorities in the coming weeks to start the initial discussions.”
