Gov’t submits to IMF economic programme document for consideration
Information reaching norvanreports indicate that government has submitted documents containing its Post Covid-19 Programme for Economic Growth to the International Monetary Fund (IMF) to be considered for a programme support.
The document, reports further indicate, is expected to give fine details on how the government intends to restructure the economy and embark on the necessary reforms under an IMF programme.
The Director of the African Department at the IMF, Abebe Aemro Selassie disclosed this to Journalists at an engagement in Washington DC on the sidelines of the 2022 Annual IMF/World Bank meetings.
According to him, the Fund has made some progress by fast-tracking processes for an economic programme for Ghana.
He also disclosed that the IMF is now assessing the economic reform plans submitted by government.
“The Government of Ghana sharing its economic plan with us, demonstrates its commitment as we have already agreed on the economic programme with the authorities”.
“Part of the work that’s ongoing right now is to assess what exactly the debt sustainability situation is, and how the Government would like to address that once the work has been completed,” he explained.
He stated that the IMF is currently waiting for the completion of the assessment to finalize the discussions.
Finance Minister, Ken Ofori-Atta has stated the government would want to enter into a progrmme with the IMF before the 2023 budget is presented to parliament in November, 2022.
Mr. Selassie has also stated that the IMF has made significant progress with Ghana.
“Discussions are proceeding well, I would say, and much will depend on how quickly this reform plan can be fleshed out”, Mr. Selassie said.
