![\"IMF,](\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/10\/IMF_team.jpg\")
<\/p>\n\nThis was when the new IMF Mission Chief for Ghana, St\u00e9phane Roudet, paid a courtesy call on the Minister of Finance after his appointment as the new IMF Mission Chief for Ghana, effective September 1, 2022. <\/p>\n<\/div>\n
The International Monetary Fund (IMF) says its staff and the government are committed to sealing a deal as soon as feasible to help restore economic stability and lay the foundation for inclusive growth.<\/h2>\n
The fund said in a statement issued Thursday, October 20, 2022 that discussions between the two sides had made \u201cgood progress\u201d and specific policies needed to restore stability identified.<\/p>\n
It said the discussions would continue in the weeks ahead, \u201cwith a follow-up mission to take place expeditiously.\u201d<\/p>\n
Two IMF teams have visited the country since July when the government formally reached out to the fund for assistance to restore macroeconomic.<\/p>\n
The statement, signed by the IMF Missions Chief to Ghana, St\u00e9phane Roudet, followed the conclusion of the third round of discussions between the government and the fund that took place from October 11-19 , 2022 during the IMF\/World Bank annual meetings in Washington, D.C.<\/p>\n
It said the IMF team met with the Finance Minister, Ken Ofori-Atta, the Bank of Ghana Governor, Dr Ernest Addison and their teams, to continue discussions on a possible IMF-supported programme.<\/p>\n
\u201cThe Ghanaian delegation and IMF staff had very fruitful discussions on the authorities\u2019 post-COVID programme for economic growth and associated policies and reforms that could be supported by a new IMF arrangement.<\/p>\n
\u201cWe made good progress in identifying specific policies that would restore macroeconomic stability and lay the foundation for stronger and more inclusive growth.<\/p>\n
\u201cThe IMF team and the Ghanaian authorities remain fully committed to reaching agreement on a framework and policies for an IMF-supported programme as soon as feasible.<\/p>\n
\u201cDiscussions will continue in the weeks ahead, with a follow-up mission to take place expeditiously,\u201d Mr Roudet said.<\/p>\n
The assurance comes at a time when the cedi has lost more than 40 per cent of its value to the US dollar, partly raising the rate at which general prices increase price to record levels.<\/p>\n
The cedi ended last week with a dollar equivalent to about GH\u00a211.<\/p>\n
On Thursday, however, the cedi climbed up to about GH\u00a213 to a dollar, bringing to the fore the need for urgency in addressing the challenges.<\/p>\n