Today, Wednesday, June 7, an IMF mission staff is expected to fly into Ghana to evaluate the status of the country’s economic recovery program.
This visit marks the first assessment by the IMF following the approval of Ghana’s $3 billion bailout on May 17.
A first payout of $600 million was made as part of the authorized arrangement, and additional installments are anticipated to happen every six months based on program reviews carried out by the IMF Executive Board.
Key organizations including the Bank of Ghana, the Finance Ministry, and other important players will hold discussions about the future during the one-week visit.
The purpose of these engagements is to evaluate the implementation of Ghana’s Economic Recovery Programme and determine the effectiveness of the measures taken to address the economic challenges.
The IMF plays a crucial role in supporting member countries facing economic difficulties by providing financial assistance, policy advice, and technical expertise.
The Economic Recovery Programme aims to strengthen Ghana’s economy, promote fiscal discipline, improve financial sector stability, and foster sustainable economic growth.
Ghana’s collaboration with the International MF reflects its commitment to implementing sound economic policies and reforms to address macroeconomic imbalances and promote long-term stability.
Source: Citinewsroom
