{"id":57682,"date":"2023-04-13T22:52:47","date_gmt":"2023-04-13T22:52:47","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/13\/finance-minister-tells-expat-investors-in-washington-that-govt-is-tackling-financial-challenges\/"},"modified":"2023-04-13T22:52:47","modified_gmt":"2023-04-13T22:52:47","slug":"finance-minister-tells-expat-investors-in-washington-that-govt-is-tackling-financial-challenges","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/13\/finance-minister-tells-expat-investors-in-washington-that-govt-is-tackling-financial-challenges\/","title":{"rendered":"Finance Minister tells expat investors in Washington that govt is tackling financial challenges"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"393\"  alt=\"\" title=\"Ofori-Atta Ken\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/Ofori-Atta-Ken-696x393.png\" data- class=\"entry-thumb lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"393\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/Ofori-Atta-Ken-696x393.png\"   alt=\"\" title=\"Ofori-Atta Ken\"\/><\/noscript><figcaption class=\"wp-caption-text\">Finance Minister Ken Ofori-Atta (middle) speaking to the investors in the US<\/figcaption><\/figure>\n<\/div>\n<p><strong>Finance Minister Ken Ofori-Atta has assured foreign investors that the government has taken a number of steps to ensure that the challenges with the nation\u2019s finances are tackled.<\/strong><\/p>\n<p>He told the investors on the sidelines of the ongoing IMF\/World Bank Spring Meetings in Washington, D.C. USA that the country is undergoing debt restructuring as part of efforts to secure a deal with the International Monetary Fund (IMF).<\/p>\n<p>He said \u201cGhana has done a number of things, first of all with regards to the Paris Club, we did travel to China, we sort support from India and the Saudis and really maintained open relations with the Club.<\/p>\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re gearing up for Day 3 of our 2023 Spring Meetings. On today\u2019s agenda: we discuss public finance, debt, and more. For an overview of the day\u2019s events with expert commentary, watch IMF Today.<\/p>\n<p>Tune in LIVE at 5 PM ET (9 PM GMT): https:\/\/t.co\/Lcu9TaVT34 <a href=\"https:\/\/t.co\/TJJWjqRrmV\">pic.twitter.com\/TJJWjqRrmV<\/a><\/p>\n<p>\u2014 IMFLive (@IMFLive) <a href=\"https:\/\/twitter.com\/IMFLive\/status\/1646106026457047040?ref_src=twsrc%5Etfw\">April 12, 2023<\/a><\/p>\n<\/blockquote>\n<p>\u201cWe did get to the Club to let them know that we were worried about the track record of the common framework, we have had a good relationship, we really commend the Paris Club for the sense of urgency that they have and we are confident that they will be able to bring the assurances to the Bank in the coming week.\u201d<\/p>\n<p>Earlier, the Ministry of Finance said that Mr Ofori-Atta had very<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u00a0productive meetings so far at the\u00a0<\/span><span class=\"r-18u37iz\"><a class=\"css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0\" dir=\"ltr\" role=\"link\" href=\"https:\/\/twitter.com\/hashtag\/SpringMeeting2023?src=hashtag_click\">#SpringMeeting2023<\/a><\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u00a0with the\u00a0IMF, International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA), among others.<\/span><\/p>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u201cGrateful for the strong cooperation from our bilateral and multilateral partners!&lt;\u201d the Office of the Finance Minister tweeted on Wednesday, April 12.<\/span><\/p>\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Very productive meetings so far at the <a href=\"https:\/\/twitter.com\/hashtag\/SpringMeeting2023?src=hash&amp;ref_src=twsrc%5Etfw\">#SpringMeeting2023<\/a> with the IMF, IFC &amp; JICA, among others.  Grateful for the strong cooperation from our bilateral and multilateral partners! <a href=\"https:\/\/twitter.com\/hashtag\/resolvingtogether?src=hash&amp;ref_src=twsrc%5Etfw\">#resolvingtogether<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ReshapingDevelopment?src=hash&amp;ref_src=twsrc%5Etfw\">#ReshapingDevelopment<\/a> <a href=\"https:\/\/twitter.com\/IMFNews?ref_src=twsrc%5Etfw\">@IMFNews<\/a> <a href=\"https:\/\/twitter.com\/IFC_org?ref_src=twsrc%5Etfw\">@IFC_org<\/a> <a href=\"https:\/\/twitter.com\/WorldBank?ref_src=twsrc%5Etfw\">@WorldBank<\/a> <a href=\"https:\/\/twitter.com\/jica_direct_en?ref_src=twsrc%5Etfw\">@jica_direct_en<\/a> <a href=\"https:\/\/t.co\/wrp8l87Dj7\">pic.twitter.com\/wrp8l87Dj7<\/a><\/p>\n<p>\u2014 Office of the Finance Minister-Ghana (@oofmghana) <a href=\"https:\/\/twitter.com\/oofmghana\/status\/1646103072244989952?ref_src=twsrc%5Etfw\">April 12, 2023<\/a><\/p>\n<\/blockquote>\n<p>The Managing Director of the IMF Kristalina Georgieva repeated her comment that Ghana\u2019s economy had been negatively affected by the Russia-Ukraine war.<\/p>\n<p>She described Ghana as an innocent bystander that has been hit by the Cobid pandemic and the war.<\/p>\n<p>She said \u201cwe have been in constant contact with authorities in Ghana, we have worked very hard and very swiftly to have the programme, $3bn support programme, for Ghana in place.<\/p>\n<p>\u201cWe have been urging Ghana\u2019s creditors to act swiftly. My appreciation also for the proactive role of the Minister of Finance of Ghana in reaching out to the creditors. We are expecting that next week there will be discussions among creditors.\u201d<\/p>\n<p><iframe loading=\"lazy\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/facebook-minimal.jpg\" data-category=\"marketing\" data-service=\"facebook\" class=\"cmplz-placeholder-element cmplz-iframe cmplz-iframe-styles cmplz-no-video \" data-cmplz-target=\"src\" data-src-cmplz=\"https:\/\/www.facebook.com\/plugins\/video.php?height=314&amp;href=https%3A%2F%2Fweb.facebook.com%2FTV3GH%2Fvideos%2F186521637090669%2F&amp;show_text=false&amp;width=560&amp;t=0\" style=\"border: none; overflow: hidden;\" src=\"https:\/\/3news.com\/finance-minister-tells-expat-investors-in-washington-that-govt-is-tackling-financial-challenges\/about:blank\" width=\"560\" height=\"314\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>She further indicated that the Fund asked Ghana\u2019s creditors to act swiftly to ensure that the deal that the country is seeking with the Fund is approved.<\/p>\n<p>\u201cI can tell you that I use every opportunity myself to urge them to act swiftly. Let us remember that Ghana for a long time has done really well to tap markets to finance its growth paths.<\/p>\n<p>\u201cIt has been like all innocent bystanders hit by Covid, hit by the war in Ukraine. it caused complicated domestically, the ability to Finance the budget. So a country that has a long track record of sound macroeconomic management.\u201d<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Ken Ofori-Atta (middle) speaking to the investors in the US Finance Minister Ken Ofori-Atta has assured foreign investors that the government has taken a number of steps to ensure that the challenges with the nation\u2019s finances are tackled. He told the investors on the sidelines of the ongoing IMF\/World Bank Spring Meetings in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-57682","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finance Minister tells expat investors in Washington that govt is tackling financial challenges - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/04\/13\/finance-minister-tells-expat-investors-in-washington-that-govt-is-tackling-financial-challenges\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Minister tells expat investors in Washington that govt is tackling financial challenges - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Ken Ofori-Atta (middle) speaking to the investors in the US Finance Minister Ken Ofori-Atta has assured foreign investors that the government has taken a number of steps to ensure that the challenges with the nation\u2019s finances are tackled. 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