IMF praises Ghana’s structurally comprehensive programme
While speaking at a joint press conference between the Government of Ghana and officials of the IMF, the IMF mission chief for Ghana, Stephane Roudet highlighted the extensive structural components of Ghana’s program with the Fund, emphasizing its richness and capacity to strengthen the country’s economy.
Mr. Roudet stated, “it is important to emphasize that this program is very rich in its structural components. It encompasses a wide range of reforms across various sectors, which will enhance the economy’s ability to withstand future shocks. This is precisely what the government and the IMF aim to achieve with this program.”
He further elaborated that the program’s reforms, which cover multiple sectors, will bolster Ghana’s resilience against potential future shocks, contributing to a more robust and resilient economy.
The program’s objective aligns with the government’s vision for long-term stability and sustainable growth.
On Wednesday (17 May), the executive board of the IMF approved Ghana’s request for a US$3 billion bailout to support the country’s economic recovery.
The Fund’s support program will primarily focus on curbing inflation and rebuilding the nation’s foreign reserve buffers.
Source: Ghana Business
