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Ghana may conclude the ongoing negotiations with the International Monetary Fund (IMF) to get the support of the fund by March. The issues surrounding the domestic debt exchange programme, one of the requirements, have been virtually concluded
Ghana may conclude the ongoing negotiations with the International Monetary Fund (IMF) to get the support of the fund by March. The issues surrounding the domestic debt exchange programme, one of the requirements, have been virtually concluded, according to reports.
President Nana Addo Dankwa Akufo-Addo gave this assurance when he held discussions with the visiting German Federal Minister of Finance, Christian Lindner recently at the Jubilee House in Accra. The main concerns of the government include the process of concluding talks with the IMF, as well as the specific assistance that would help Ghana fast-track the process of its economic recovery. These issues are seemingly resolved, the president reported having told the visiting dignitary.
Germany’s Finance Minister was in Ghana for bilateral talks with the government and the business communities. He assured Ghana of Germany’s support to help West African to get out of its current economic challenges. Mr Lindner said that although Ghana was facing economic challenges, they could be resolved through determination, opening up new opportunities for investment and trade between Germany and Ghana.
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It may be recalled that after months of speculation, Ghana, on July 1, 2022, announced that it was going to the IMF to seek support. The government, in December 2022, reached a staff-level agreement with the IMF as part of processes leading to a bailout.
