IMF commends Ghana’s economic resilience; stresses policy adherence for macroeconomic stability
Director of Communications at the International Monetary Fund (IMF), Julie Kozack, says steadfast policy and reform implementation will be needed to fully and durably restore macroeconomic stability and debt sustainability in Ghana.
Adding that, it will be critical for the government to continue implementing the programme as envisaged to ensure sustainable growth and poverty reduction.
Speaking on Ghana’s economy and the ongoing debt restructuring, Ms Kozack noted the government and the Bank of Ghana are making good progress on their comprehensive debt restructuring programme.
The domestic debt exchange was completed last year, on January 12. The government reached an agreement in principle with its official bilateral creditors, and Ghana is also engaging with its external private creditors to seek support.
Further stating that the IMF remains fully engaged and supportive of Ghana’s efforts under the ongoing programme and the debt restructuring negotiations.
“We have been in continuous dialogue with the Ghanaian authorities, including with the Minister Designate when he served as Minister of State for Finance, and our commitment to assisting Ghana remains steadfast and we look forward to continuing our fruitful cooperation with the new minister Dr. Mohammed Amin Adam,” she posited.
