At the G-7 finance ministers and African finance ministers meeting in Washington, DC, Ghana’s finance minister, Ken Ofori-Atta, is shown with the UK Chancellor, Kwasi Kwarteng.
The discussion, which was held in conjunction with the IMF/World Bank 2022 annual meeting, focused on finding solutions to the world economy’s high food and energy costs, currency instability, and inflationary pressures.
The IMF/World Bank 2022 annual conference will serve as a forum to address important areas where the international community and global financial organizations like the IMF and World Bank Group should increase their support for developing nations.
This forum comes against the backdrop of a confluence of external shocks – in particular, the COVID-19 pandemic, the continuing consequences of the Russia-Ukraine war and deepening concern about the imminent impact of climate change.
Mr. Ofori-Atta told the G-24 Ministers and Governors meeting that, ”there is the need to put a spotlight on the economic consequences of climate change, particularly as it relates to developing countries who are the least contributors to climate change.”
Ghana’s Finance Minister, Ken Ofori-Atta met with UK Exchequer, Kwasi Kwarteng at the G-7 finance ministers and African finance ministers meeting in Washington DC, US ahead of Mr. Kwarteng’s removal from Office as Cabinent Minister.