1st Deputy Governor of the Bank of Ghana, Dr Maxwell Opoku-Afari has assured the team from the International Monetary Fund (IMF) led by Mission Chief Mr. Stephane Roudet, that is currently in Ghana for the second review of the $ 3 billion programme, of the government’s commitment to stay within targets to sustain the gains made so far.
He said this while speaking on behalf of the Governor of Ghana’s Central Bank Dr Ernest Addison at a meeting with the team in Accra on Wednesday.
Mr Stephane Roudet also expressed similar sentiments regarding achieving a successful review that will culminate in a staff level agreement to trigger the release of more funds from the Fund.
2nd review: Ministry of Finance, BoG and IMF team had a fruitful opening meeting – Amin Adam
This second review is to enable the Fund to assess Ghana’s performance on programme objectives, the six Quantitative Performance Criteria, the three Indicative Targets (ITs), one Monetary Policy Consultation Clause (MPCC), and the Structural Benchmarks (SBs) with regards to end December 2023 targets.
The mission, when successful, will lead to another disbursement of 360 million dollars.
Minister for Finance Dr. Mohammed Amin Adam, assured the team of governments’ commitment to the IMF programme, saying “I am personally committed to achieving the objectives of the PC-PEG programme and my team is ready to work with you to achieve that in another record time.”
He gave an overview of the economy noting that the economic indicators were trending in the right direction and that the government will continue to work hard to sustain the gains under the programme.
The Minister also assured the team that the government was working with external creditors to reach an agreement quickly to bring the debt restructuring programme to an end.
Dr Amin Adam took the opportunity to express appreciation to the MD of the Fund, Krystalina Georgieva for her visit to Ghana last month.