During their one-week visit, the team is anticipated to see representatives from the Finance Ministry, the Economic Management Team, and the Presidency.
On July 6, 2022, a delegation from the International Monetary Fund is anticipated to land in Ghana to start discussions with the government about the specifics of a package to rescue Ghana’s faltering economy.
Senior IMF staff members and local employees in Ghana will make up the IMF team. According to analysts, it would take at least three months for the parties to agree on a program. After the meeting, specifics on the bailout package and its conditions will be released. Concerns about what it would mean for public sector jobs and social programs have been raised in response to Ghana’s decision to choose an IMF program.
Ken Ofori-Atta, the finance minister, was permitted by President Akufo-Addo to begin formal discussions with the International Monetary Fund on July 1, 2022. (IMF). The president’s instruction to the Finance Minister, according to a statement signed by the Information Minister, Kojo Oppong Nkrumah, came after a phone conversation between President Akufo-Addo and the IMF managing director, Kristalina Georgieva, in which the president announced Ghana’s decision to work with the Fund.
To speed up Ghana’s recovery from the COVID-19 epidemic and, more recently, the Russia-Ukraine crisis, the engagement with the IMF would strive to provide balance-of-payments support, according to the statement.
