The Finance Minister, Ken Ofori-Atta has described initial negotiations with the International Monetary Fund (IMF) for a bailout programme as collaborative.
According to him, government is discussing debt restructuring plans with the Fund to improve the country’s credit ratings.
An IMF team arrived in Ghana in the in the last week of September 2022, to commence official discussions with government for a programme.
Speaking at the signing of a $1.13 billion cocoa syndicated loan in Accra, Mr. Ofori-Atta announced that a government team will meet the IMF in Washington DC, U.S.A in the coming weekend to continue the negotiations.
Mr. Ofori-Atta reiterated that the ultimate aim of government in the negotiations is to protect Ghanaians from the negative impact of recent global challenges such as the COVID-19 pandemic, and the Russia invasion of Ukraine.
Story by Kelvin Danso
