PLAYBACK: Finance Ministry, IMF and BoG announce staff-level agreement

The Ministry of Finance, together with the International Monetary Fund (IMF) and the Bank of Ghana held a joint press conference today.

The three bodies informed Ghanaians of a staff-level agreement reached by the government and the Fund.

Ghana and the IMF have reached a new three-year arrangement under the Extended Credit Facility (ECF) of about $3 billion.

According to the Fund, the government’s strong reform programme aimed at restoring macroeconomic stability and debt sustainability while protecting the vulnerable, preserving financial stability, and laying the foundation for strong and inclusive recovery, was key in this decision.