An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, Mission Chief for Ghana, will visit Accra from today to Tuesday, December 13, 2022, to continue discussions with the authorities on the country’s post-COVID programme for economic growth and associated policies, and reforms.
The IMF staff will further engage with other stakeholders during the visit.
Mr Roudet indicated in a statement yesterday that the IMF team and Ghana had had productive discussions over the last few months, and looked forward to the engagement in Accra.
“Our objective for this visit is to make further progress toward reaching an agreement on policies and reforms that could be supported by an IMF lending arrangement,” he said.
“The IMF remains fully committed to help Ghana restore macroeconomic stability, bring relief to Ghanaians in this time of crisis, and lay the foundation for more inclusive growth,” the statement added.
A similar visit was made by the team, led by Stéphane Roudet, from September 26-October 7 to continue discussions on policies that could be supported by an IMF arrangement.
The IMF staff met with President Akufo- Addo, Vice-President Bawumia, Finance Minister Ofori-Atta and Bank of Ghana Governor Dr. Ernest Addison, and their teams.
The IMF team also met with the Parliament’s Finance Committee, as well as representatives from various government agencies, the Trades Union Congress, the private sector, civil society organizations, and development partners.
At the end of that visit, Mr Roudet affirmed the commitment of IMF to support Ghana in these challenging times, consistent with its policies.
“We had constructive discussions on policies aimed at restoring macroeconomic stability and laying the foundation for stronger and more inclusive growth. Key areas of focus included ensuring public finance sustainability while protecting the vulnerable, bolstering the credibility of monetary and exchange rate policies to reduce inflation and rebuild external buffers, preserving financial sector stability, and steps to encourage private investment and growth, including by improving governance, transparency, and public sector efficiency,” he had said.