IMF Reiterates Readiness to Help Ghana Stabilise Economy after Meeting Ofori-Atta

IMF Reiterates Readiness to Help Ghana Stabilise Economy after Meeting Ofori-Atta

  • The International Monetary Fund (IMF) says the agency is ready to help Ghana stabilise its crippling economy
  • The Chair and Managing Director, Kristalina Georgieva, said the Fund will help lay the foundation for stronger growth targeting the most vulnerable
  • Georgieva's statement follows recent talks relating to the country's economy with the Finance Minister, Ken Ofori-Atta

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The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has assured of the agency's readiness to help Ghana stabilise the economy.

Georgieva said the Fund will help lay the ground for stronger growth targeting the most vulnerable amid the country's economic doldrums.

''Constructive meeting w/ Finance Minister Ofori-Atta & his team on Ghana’s economic challenges and the way forward.
Finance Minister meets the IMF
IMF reiterates readiness to help Ghana stabilise its economy. Photo credit: @KGeorgieva
Source: Twitter
''We are ready to do our part to help the authorities stabilize the economy, lay the ground for stronger growth & help the most vulnerable,'' she said in a tweet.

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Georgieva's comments follow recent talks relating to the nation's economy with the Finance Minister, Ken Ofori-Atta.

President Directs Finance Minister To Engage IMF For Economic Programme

In a related story, YEN.com.gh reported that President Nana Akufo-Addo directed Finance Minister Ken Ofori-Atta to begin formal engagements with the International Monetary Fund (IMF) for an economic programme.

The global economic disruption triggered by the Russia-Ukraine war has worsened Ghana's macroeconomy.

High public debt, rising inflation, and depleting foreign reserves have destabilised the balance of payment.

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

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

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

''I'm very sad today when I saw the publication that we are going to the IMF; that is what [former president] Mahama was praying for, he has gotten his wish,'' he said in a video.

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Source: YEN.com.gh

Authors:
Nathaniel Crabbe avatar

Nathaniel Crabbe (Human-Interest editor) Nathaniel Crabbe is a journalist and editor with a degree in Journalism from the Ghana Institute of Journalism, where he graduated in 2015. He earned his master's from UPSA in December 2023. Before becoming an editor/writer of political/entertainment and human interest stories at Asaase Radio, Crabbe was a news reporter at TV3 Ghana. With experience spanning over ten years, he now works at YEN.com.gh as a human interest editor. You can reach him via nathaniel.crabbe@yen.com.gh.

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