IMF says it will work with Ghana government towards programme
2022.07.13 21:21
Budrigannews.com – The International Monetary Fund (IMF) will work with Ghana’s government to develop a potential support programme, it said on Wednesday, citing a “challenging economic and social situation” after a week-long visit to the West African nation.
Hundreds took to the streets of Ghana’s capital Accra last month to protest over high inflation, weak growth and a deteriorating local currency.
Days later, the government asked the IMF for support, despite months of repeated pledges not to do so.
“The IMF team held initial discussions on a comprehensive reform package to restore macroeconomic stability and anchor debt sustainability,” Carlo Sdralevich, head of the IMF team that visited Ghana from July 6-13 said in a statement.
The week’s discussions focused on improving the country’s fiscal balances, strengthening monetary policy and stabilising the financial sector via a domestic reform package that could be supported by the fund, he said in the statement.
