The International Monetary Fund and the Ministry of Finance have started talking on a program to boost the economy.
Due to this, the ongoing negotiations, which are anticipated to last from September 26 to October 7, 2022, have received some updates from Finance Minister Ken Ofori-Atta.
On September 28, Ken Ofori-Atta announced a 5-member committee will oversee the comprehensive stakeholder engagement while speaking to journalists at a news conference in Accra.
He said that the talks are going well and that they will go for 10 days.
He added that the discussions would be made in order to safeguard Ghana’s financial sector.
Meanwhile, a key prerequisite for an IMF programme will require a comprehensive Debt Sustainability Analysis (DSA).
Government says it is putting together a comprehensive post-COVID-19 economic programme which will form the basis for the IMF negotiations.
The potential IMF programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability underpinned by key structural reforms and social protection.