IMF Wraps Up Talks in Ghana – Here’s What You Need to Know

IMF issues update on Ghana after 4-day engagement with officials

A team from the International Monetary Fund (IMF), led by Stéphane Roudet, has wrapped up a four-day visit to Ghana after meeting with government officials and key stakeholders to discuss the country’s economy.

Following the visit from February 10-14, Mr. Roudet released a statement summarizing the discussions with Ghanaian authorities.

“The mission team engaged the Ghanaian authorities on recent macroeconomic developments. It also started discussions on the policies that will underpin the 2025 budget. This dialogue is set to continue over the coming weeks.”

The visit also focused on reviewing Ghana’s commitments under the IMF-supported program. According to Mr. Roudet, “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 fourth review of the Extended Credit Facility arrangement, which is expected to be undertaken in April 2025.”

During the engagement, IMF staff met with President John Mahama, Finance Minister Dr. Cassiel Ato Forson, Acting Governor of the Bank of Ghana Dr. Maxwell Asiama, along with representatives from various government agencies and key stakeholders.

Discussions are anticipated to continue in the upcoming weeks as Ghana prepares its 2025 budget and advances towards the next review of the $3 billion Extended Credit Facility in April.

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