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IMF provides update on Ghana following 4-Day engagement with officials

A team from the International Monetary Fund (IMF), headed by Stéphane Roudet, has wrapped up a four-day visit to Ghana, during which they engaged with government officials and stakeholders on important economic matters.

At the conclusion of their visit from February 10-14, Mr. Roudet released a statement outlining the discussions held with Ghanaian authorities.

“The mission team engaged the Ghanaian authorities on recent macroeconomic developments. It also started discussions on the policies that will underpin the 2025 budget. This dialogue is set to continue over the coming weeks.”

The visit also included a review of Ghana’s commitments under the IMF-supported program. Mr. Roudet noted that, We also took stock of the authorities’ progress in meeting key commitments under the Fund-supported program. These will be formally assessed in the context of the fourth review of the Extended Credit Facility arrangement, which is expected to be undertaken in April 2025.”

During the visit, IMF staff held meetings with President John Mahama, Finance Minister Dr. Cassiel Ato Forson, Acting Governor of the Bank of Ghana Dr. Maxwell Asiama, as well as representatives from various government agencies and key stakeholders.

“IMF staff held meetings with H.E. President Mahama, Finance Minister Forson, and Bank of Ghana Acting Governor Asiama, and their teams, as well as representatives from various government agencies, and other key stakeholders.”

“Staff would like to express their gratitude to the Ghanaian authorities and other stakeholders for their constructive engagement and support during this mission.”

The discussions are set to continue in the coming weeks as Ghana prepares its 2025 budget and moves toward the next review of the $3 billion Extended Credit Facility in April. The outcomes of these talks will be closely monitored as the country strives for economic stability and growth.

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