IMF confirms negations with Ghana could run into October

The International Monetary Fund says negotiations with Ghana could run into next month before an agreement is reached on a possible program me for the country. 

A statement issued by the Washington-based lender Tuesday, also said that the IMF has begun negotiations after a request from government to help stabilize the economy and the local currency, the Ghana cedi.  

The IMF also confirmed earlier reports by Joy Business, it would be in the country for about two weeks – September 16 to 25 to conduct discussions on a possible IMF-supported programme.

The statement added that “discussions will continue during the coming weeks, including at the Annual Meetings of the World Bank and IMF in Washington DC in October”.

The IMF mission, would be led by Mr. Joël-Toujas-Bernaté.

The Fund will also meet with government officials, private sector, and the donor community.

The team after negotiations with Ghanaian officials, will forward their recommendations to the IMF Board- the highest decision making body- to decide on an assistance programme for Ghana.

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