The International Monetary Fund (IMF) has emphasised the need for steadfast policy and reform implementation to achieve full restoration of macroeconomic stability and debt sustainability in Ghana.
The IMF Director of Communications, Julie Kozack, underscored the importance of the government’s commitment to implementing the programme as planned to foster sustainable growth and policy execution.
She urged the government to maintain vigilance as significant progress is made on the debt restructuring journey.
Miss Kozack said, “The authorities are making good progress on the comprehensive debt restructuring of the domestic exchange, which was completed last year, and on January 12 of this year, the government reached an agreement in principle with the technical bilateral creditors.
Ghana is also in the ageing with its private external creditors to seek their support. Looking ahead, policy and reform implementation will be needed to fully restore economic stability and sustainability in Ghana, It will be crucial for the government to continue implementing the program as envisaged to ensure sustainable growth and policy implementation.
Our advice is for the Financial Supervisory vigilant I can also just note that we are monitoring the situation in this sector very carefully, and our team will provide a more thorough analysis at the time of the global financial stability report.
I would also like to draw your attention to a recent blog that we put out on the sector, which will have some more details on our overall position,”
On the proper human sexual rights and Ghanaian family’s Bill, Miss Kozack said, the IMF is monitoring closely to evaluate the financial implications.
“With respect to a specific piece of legislation, our team is evaluating the potential economic and financial implications of the legislation. And we will continue to monitor the situation closely. As we have said before, institutions with diverse and inclusive economies flourish. And finally, on the timeline, we expect that the next mission will tentatively take place in April.,” she said.
–IMF
