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The International Monetary Fund (IMF) staff team led by Stéphane Roudet visited Ghana from 8 to 15 June as part of its regular contacts with the Ghanaian authorities and other stakeholders. Discussions focused on recent economic developments and the implementation of the Fund-supported program approved on 17 May 2023.
At the end of the visit, Mr. Roudet issued the following statement:
“During the visit, we discussed recent macroeconomic developments. Against a complex global economic backdrop, the Ghanaian economy is showing signs of stabilisation, with declining inflation, an increase in international reserves and a less volatile exchange rate.
“We also took stock of the progress made by the authorities in meeting key commitments under the fund-supported programme. These will be formally reviewed as part of the first review of the extended credit facility, which is expected to take place in the autumn. In discussing the progress of debt restructuring operations, we reiterated that timely restructuring agreements with creditors are essential to secure the expected benefits of the fund-backed program.
“IMF staff met with ZE President Akufo Addo, ZE Vice President Bawumia, Finance Minister Ofori-Atta and Bank of Ghana Governor Addison and their teams, as well as representatives from various government agencies, the Finance Committee of the parliament, the private sector, and civil society. The staff would like to thank the Ghanaian authorities and other stakeholders for their constructive involvement and support during this mission.”
Distributed by APO Group on behalf of the International Monetary Fund (IMF).
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