{"id":1212080,"date":"2022-09-27T18:47:48","date_gmt":"2022-09-27T18:47:48","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/27\/bog-finance-ministry-begins-debt-sustainability-analysis-with-imf-delegation\/"},"modified":"2022-09-27T18:47:48","modified_gmt":"2022-09-27T18:47:48","slug":"bog-finance-ministry-begins-debt-sustainability-analysis-with-imf-delegation","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/27\/bog-finance-ministry-begins-debt-sustainability-analysis-with-imf-delegation\/","title":{"rendered":"BoG, Finance Ministry Begins Debt Sustainability Analysis With IMF Delegation"},"content":{"rendered":"

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\nThe International Monetary Fund (IMF) is conducting a thorough debt sustainability review with the Bank of Ghana and Ministry of Finance officials for a US$3 billion bailout program.<\/span>\n<\/p>\n

\nThe government of Ghana is putting together a thorough post-Covid-19 economic blueprint, which would serve as the foundation for IMF negotiations, according to a statement from the ministry.<\/span>\n<\/p>\n

\nThe program “seeks to construct a macro-fiscal path, anchored by important structural reforms and social protection, that provides debt sustainability and macroeconomic stability,” it stated.<\/span>\n<\/p>\n

\nThe Ministry added that it is \u201coptimistic about making progress in our discussions.\u201d<\/span>\n<\/p>\n

\nAs we work to expedite this process, the government “remains dedicated and shall continue to aggressively engage all stakeholders, both public and private.”<\/span>\n<\/p>\n

\nAn IMF delegation is in Ghana till October 7 to continue talks with the government about policies and reforms that might be backed by a loan arrangement.<\/span>\n<\/p>\n

\nThe IMF conference comes amid fears that Ghana is set to begin negotiations with domestic bondholders about restructuring its local-currency debt.<\/span>\n<\/p>\n

\nAccording to news sources, significant regional investors, regional banks and pension funds, are getting ready to have a conversation on debt restructuring.<\/span>\n<\/p>\n

\nThis can mean delaying maturity dates and taking principle and interest payment reductions.<\/span>\n<\/p>\n

\nGhana spent GH20.5 billion on debt servicing in the first half of the year, or 68 percent of tax receipts.<\/span>\n<\/p>\n

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\nGhana
\nIMF
\nInternational Monetary Fund
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The International Monetary Fund (IMF) is conducting a thorough debt sustainability review with the Bank of Ghana and Ministry of Finance officials for a US$3 billion bailout program. The government of Ghana is putting together a thorough post-Covid-19 economic blueprint, which would serve as the foundation for IMF negotiations, according to a statement from the […]<\/p>\n","protected":false},"author":1,"featured_media":1212081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[5405,716,1084,1580,6972,457,3074,459,4245],"class_list":["post-1212080","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-analysis","tag-begins","tag-bog","tag-debt","tag-delegation","tag-finance","tag-imf","tag-ministry","tag-sustainability"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1212080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1212080"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1212080\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1212080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1212080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1212080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}