• Home
  • About us
  • Our Team
  • Contact us
  • Privacy Policy
  • Login
Upgrade
TheGhanaianVoice.Com
Advertisement
  • Home
  • World
  • Politics
  • Business
  • Culture
  • Sports
  • Entertainment
  • Opinions
No Result
View All Result
  • Home
  • World
  • Politics
  • Business
  • Culture
  • Sports
  • Entertainment
  • Opinions
No Result
View All Result
TheGhanaianVoice.Com
No Result
View All Result
Home Business Economy

Ghana-IMF $3Bn Deal To Be Finalized Before End Of Year – IMF Boss

Honor Kwasi Tsali by Honor Kwasi Tsali
September 5, 2022
in Economy, Politics
0
Ghana-IMF $3Bn Deal To Be Finalized Before End Of Year – IMF Boss
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has stated that a deal between Ghana and the IMF should be reached and finalized before the end of the year.

In a close door meeting with the President of the Republic, Nana Addo Dankwa Akufo-Addo, on Monday, 5th September 2022, on the sidelines of the Africa Adaptation Summit, in Rotterdam, Netherlands, the IMF boss told President Akufo-Addo “we understand the urgency, and we will move as quickly as possible.”

Describing Ghana as a “superb country”, she reiterated the determination of the Fund to work with Government and the Ministry of Finance, and ensure that an agreement is in place before the end of the year.

For his part, President Akufo-Addo indicated to the IMF boss that a lot of work has been done by Cabinet and the Ministry of Finance, and the document to be presented by the Ghana side “is ready for the scrutiny of the IMF.”

Meanwhile, Kristalina Georgieva has emphasized that Ghana’s current economic challenges are not locally generated but from external shocks.

Speaking on the sidelines of the Fund’s engagements with the Ghanaian delegation, Kristalina Georgieva stated that, contrary to the narrative from some opposition elements that Ghana is not in these challenges because of any bad policies of the Akufo-Addo administration, the IMF boss stated that the factors are exogenous.

“We have started very constructive discussions already and to the people of Ghana, like everybody on this planet, you have been hurt by exogenous shocks” she said.

She mentioned the extraneous factors which have contributed to Ghana’s economic woes, leading to the West African country seeking a programme from the IMF.

“First the pandemic, then Russia’s war in Ukraine. We need to realize thar it is not because of bad policies in the country but because of this combination of shocks, and, therefore, we have to support Ghana”, she said.

She also indicated that Ghana is a member of the IMF, “a strong country with fantastic people”, and as such it is incumbent on the Fund to lend the country support.

Kristalina Georgieva also indicated “we have to support Ghana because your strength contributes to the strength of your neighbours; it contributes to a stronger world”

Ghana is before the IMF for US$3 billion to help the country navigate through the hostile economic crisis it finds itself in as a result of the adverse effects of the deadly coronavirus pandemic and the ongoing conflict between Russia and Ukraine.

President Akufo-Addo has stated, on occasion, that “we have decided to seek the collaboration of the International Monetary Fund (IMF) to repair, in the short run, our public finances, which have taken a severe hit in very recent times as a result, whilst we continue to work on the medium to long-term structural changes that are at the heart of our goal of creating a Ghana Beyond Aid, that is building a resilient, robust Ghanaian economy.”

SOURCE theGhanaianVoice

Tags: Finance Minister Ken Ofori AttaGhana IMF dealNana Akufo-Addo
Previous Post

Untouchable ‘Galamsey Queen’ Aisha Huang Re-arrested, Remanded Into Custody By Accra Circuit Court

Next Post

John Mahama Denies GH¢14M Ex-Gratia Claims

Honor Kwasi Tsali

Honor Kwasi Tsali

Honor Kwasi Tsali is a Senior Journalist/Writer at TheGhanaianVoice.Com He holds a BA degree in English from the University of Ghana, Legon. He has more than 10 years of experience as a Journalist focused on news reporting, editing, and production.

Related Posts

Foreign Affairs Ministry Justifies Spending GH¢7 million On A GH¢1 million Project
Politics

Foreign Affairs Ministry Justifies Spending GH¢7 million On A GH¢1 million Project

by Godwin Okine, Managing Editor
January 31, 2023
Asawase Muslims prays for Muntaka Mubarak
General News

Asawase Muslims Hold Special Prayers Against Muntaka’s Political Detractors

by Kennedy Opoku
January 31, 2023
Alan Kyerematen a Christian as flagbearer
Campaigns

Alan Tours Ashanti: NPP Needs A Christian Flagbearer – Coordinator Declares

by Kennedy Opoku
January 31, 2023
Adu Boahen Should Be Dismissed Summarily And Investigated, His Position As Minister Is Untenable – Vice Prez Bawumia Cries
Politics

‘Competent’ Bawumia Is The Man To Take Ghana To The Promised Land – Yendi MP

by Godwin Okine, Managing Editor
January 30, 2023
The Employee Aspiring To Take Over the ‘Boss’ job: The Alan-Akufo-Addo Political Story
Politics

The Employee Aspiring To Take Over the ‘Boss’ job: The Alan-Akufo-Addo Political Story

by Godwin Okine, Managing Editor
January 30, 2023
Next Post
John Mahama Denies GH¢14M Ex-Gratia Claims

John Mahama Denies GH¢14M Ex-Gratia Claims

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Government To Regularise Illegal Structures On Sakumono Ramsar Site, No More Demolition

Government To Regularise Illegal Structures On Sakumono Ramsar Site, No More Demolition

November 7, 2022
Ato Forson Outlines 7 Reasons For Ghana’s Economic Woes

Ato Forson Outlines 7 Reasons For Ghana’s Economic Woes

January 16, 2023
Transport Fares To Go Down By 15.3% From Monday

Transport Fares To Go Down By 15.3% From Monday

December 16, 2022
  • Home
  • About us
  • Our Team
  • Contact us
  • Privacy Policy
Call us: +2332012345

© 2022 theGhanaianVoice - All Rights Reserved | Legal.

No Result
View All Result
  • Home
  • World
  • Politics
  • Business
  • Culture
  • Sports
  • Entertainment
  • Opinions

© 2022 theGhanaianVoice - All Rights Reserved | Legal.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In