The International Monetary Fund (IMF) team, led by Stéphane Roudet, just concluded a visit to Ghana, which lasted from June 8 to June 15.
The purpose of the visit was to meet with Ghanaian officials and stakeholders to discuss current economic developments and the implementation of the Fund-supported programme, which was authorised on May 17, 2023.
Mr. Roudet highlighted promising signals of economic stabilisation in Ghana in a statement published at the conclusion of his visit.
In a complicated global economic environment, he emphasised softer inflation, a gain in overseas reserves, and a less volatile exchange rate as crucial markers of progress.
“We also took stock of the authorities’ progress in meeting key commitments under the Fund-supported program. These will be formally assessed in the context of the first review of the Extended Credit Facility arrangement, which is expected to be undertaken in the Autumn.”
”In discussing progress on the debt restructuring operations, we reiterated that timely restructuring agreements with creditors are essential to secure the expected benefits of the Fund-supported program”.
During their visit, the IMF staff team met with a number of high-ranking officials, including H.E. President Nana Addo Dankwa Akufo-Addo, H.E. Vice President Dr. Mahamudu Bawumia, Finance Minister Ken Ofori-Atta, and Bank of Ghana Governor Dr. Ernest Addison.
Meetings were also held with government agencies, the Finance Committee of Parliament, the commercial sector, and civil society.
The IMF delegation thanked Ghana’s authorities and other stakeholders for their constructive participation and support throughout the visit.
