IMF Bailout: Government, Fund to Attain Staff-Level Agreement Programme by End of Year for Economic Growth

• The Government of Ghana and the International Monetary Fund (IMF) have agreed on a Staff-Level Agreement Programme for economic growth
• It follows successful negotiations between a delegation from Ghana and the Fund at the annual meetings in Washington DC, USA
• In a statement issued on Friday, October 21, the Finance Ministry said both parties agreed to achieve the goal of the programme by the end of the year

The Government of Ghana and the International Monetary Fund (IMF) have agreed on a Staff-Level Agreement Programme to lift the country from its economic doldrums.

Both parties will be working expeditiously to attain the goal of the programme by the end of the year.

The government and the Fund concluded on a clear path toward a Fund-supported Programme at the annual meetings of the World Bank and the IMF in Washington DC to continue negotiations for Ghana's post-covid programme for economic growth.

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In a statement issued on Friday, October 21, the Ministry of Finance said the delegation from Ghana and the IMF also discussed a pathway toward economic sustainability. Both parties will continue negotiations in Accra in the next few weeks.

Read the complete statement here.

IMF Promises Sound Policies To Restore Stability And Lay Stronger Growth Foundation For Ghana

Meanwhile, YEN.com.gh previously reported that Ghana’s bailout deal with the International Monetary Fund (IMF) is coming along very well.

A statement released by the IMF after a series of discussions in Washington DC shows Ghana would soon clinch a deal with the Bretton Woods institution very soon.

Leader of the IMF team that met Ghana’s delegation from October 11 to 19, 2022, Stéphane Roudet, said in a statement that good policies to improve Ghana’s economy have been identified.

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Nestlé Ghana giving its permanent employees free GH¢7,500 plus October salaries due to harsh economy

IMF Bailout: Kennedy Agyapong Sad over Government's Decision to Ask for Economic Support

In a related story, YEN.com.gh reported that Assin Central legislator, Kennedy Ohene Agyapong, has expressed sadness over the government's decision to seek economic aid from the International Monetary Fund (IMF).

Speaking on the move, the outspoken MP said he was extremely unhappy when he learned the government will commence talks with the Fund.

Source: YEN.com.gh