Finance Minister Ken Ofori-Atta has revealed that the Ghanaian delegation at the ongoing World Bank/ International Monetary Fund (IMF) meetings in Washington DC will remain behind after the program ends to continue negotiations towards reaching a deal with the IMF.
According to the Minister, it is to allow the team to have enough time to carry out the meetings and negotiations necessary with the Fund.
A team from the Ministry of Finance are currently in Washington DC to appear at the ongoing meetings between the G7 and African Finance Ministers.
Speaking in an exclusive interview with TV3’s Sani Abdul-Rahman, on the sidelines of the meeting with African Finance Ministers with the G7 as part of the ongoing World Bank/IMF Meetings in Washington D.C. Mr Ofori-Atta said “We still are working through and as you know we are staying beyond the Fund, the World Bank meetings through, maybe, the 20th, so we will continue with the Mission and the work. We pray that that may give us enough time to be able to come to some fair decisions on the outlook.
“I can tell you that the Fund staff is very motivated , which is good and we are 24/7, so the combination of their own enthusiasm, our clarity on the work that has been done to fulfill the President’s promise. If you look at the turn out of discussion for this annual meeting clearly, the world is recognizing that something different has to be done.”
Meanwhile, the G7 has asked the World Bank to provide financial support to Ghana and other African countries to enable them deal with the impact of the economic crisis caused by force majeures.
The G7 is an informal grouping of seven of the world’s advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Union.
This group invited finance ministers from South Africa, Senegal, Togo, Zambia, Ghana, Guinea, Rwanda, Chad, Tunisia and Morocco for the all-important meeting.
Source: theGhanaianVoice.Com