<\/p>\n
President Nana Addo Dankwa Akufo-Addo has said Ghana\u2019s negotiation with the International Monetary Fund (IMF) is nearing completion.<\/p>\n
The President says this will have a major impact on the Ghanaian economy.<\/p>\n
Speaking at a stakeholder engagement on moves to revive the economy, Nana Akufo-Addo said he will need the support of all.<\/p>\n
\u201cWe are talking and, hopefully, concluding soon. These important negotiations that we are going to have will have a positive impact on the Ghanaian economy in the months immediately ahead\u201d, he said.<\/p>\n
Meanwhile, the President will later today, Wednesday, October 26, 2022, meet the leadership of the Trade Union Congress (TUC) and the Association of Market Women at the Jubilee House.<\/p>\n
Ghana returned to the IMF for a US$ 3 billion bailout after months of struggle with the economy and a cost of living crisis.<\/p>\n
The Ministry of Finance has said, government and the IMF have reached a clear path towards the final details of a programme with the goal of reaching a Staff-Level Agreement by the end of 2022.<\/p>\n
This follows meetings between the Government and the IMF advancing negotiations towards a Fund-supported Programme in Washington (D.C) on the sidelines of the annual meetings of the World Bank and the International Monetary Fund.<\/p>\n
Under-pressure Finance Minister, Ken Ofori-Atta said government will fast-track negotiations with the IMF to ensure key aspects of the programme are reflected in the 2023 budget statement.<\/p>\n
But, some economists have cast doubt on the possibility of concluding the IMF deal before the year ends.<\/p>\n
\u00a0<\/p>\n