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Ghana hopes to complete its IMF agreement in March

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Ghana is hopeful that the current negotiations with the IMF will be finished by March, allowing it to receive the fund’s support.

Local news reports claim that the domestic debt exchange program requirements’ related problems have “virtually been resolved,” allowing the nation to go all out.

When he spoke with the visiting German Federal Minister of Finance, Christian Lindner, last Friday at the Jubilee House in Accra, President Nana Addo Dankwa Akufo-Addo provided this assurance.

He claimed that the process of concluding negotiations with the IMF and the specific assistance that would enable Ghana to accelerate its economic recovery are the main concerns of the government.

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“At this point, we’re planning to go all out and seal the deal. According to a graphiconline report on President Akufo-Addo, “We’re hoping that will be finished by the middle of March.”

The Finance Minister of Germany visited Ghana for bilateral discussions with the leadership and business community, as well as to reassure Ghana of Germany’s support in helping Ghana overcome its current economic difficulties.

Even though they were aware of Ghana’s economic difficulties, the delegation, according to Mr. Lindner, believed they presented opportunities for cross-border trade.

On July 1, 2022, following months of rumors, Ghana declared it would approach the IMF for assistance.

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As part of the procedures leading to a bailout, the government subsequently came to a staff-level agreement with the fund in December 2022.

President Akufo-Addo praised Germany for promising to assist Ghana in overcoming its current economic difficulties and urged the German government to support this effort.

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