Government says it is putting together a post COVID-19 Economic programme which will form the basis for negotiations with the International Monetary Fund. This was captured in a press statement released by the Finance Ministry on 26th September, 2022.
According to the ministry, the programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability underpinned by key structural reforms and social protection.
The statement maintained that the Ministry of Finance, and the Bank of Ghana have commenced discussions with the IMF for an IMF-supported programme.
“A key prerequisite for a programme is confirmation that Ghana’s debt is on a sustainable path; this will require a comprehensive Debt Sustainability Analysis (DSA), which is currently ongoing” the Finance ministry added.
It also disclosed that “government negotiations with respect to the IMF-supported programme is commencing this week and we are optimistic about making progress in our discussions”.
“Government remains committed, and shall continue to actively engage all stakeholders, both public and private, in a clear and transparent manner as we seek to fast-track this process”, it added.