The International Monetary Fund (IMF) has reaffirmed it commitment to supporting Ghana following the conclusion of its visit to the country over discussions focused on improving fiscal balances in a sustainable way while protecting the vulnerable and ensuring credibility of the monetary policy and exchange rate regimes.
Preserving financial stability and designing reforms to enhance growth create jobs and strengthen governance.
At the conclusion of the mission, the IMF team led by its Division Chief Carlos Sdralevich concluded that Ghana is facing a challenging and social situation.
According to the Fund the adverse development of covid-19 pandemic with limited room for maneuvering have contributed to slowing economic growth, accumulation of unpaid bills, a large exchange rate depreciation and a surge in inflation
The IMF team met with Vice President Bawumia,Finance Minister Ken Ofori Atta and Governor of the Bank of Ghana, Ernest Addison.
The team also met with the Parliament Finance Committee, Civil Society Organizations and development partners including UNICEF and the World Bank to engage in social spending.
