The Ministry of Finance has provided answers to some frequently asked questions (FAQs) on the $ 3 billion bailout approved by the International Monetary Fund (IMF).
For example, a question was asked about how the government intends to ensure responsible debt management under the IMF programme.
In answer, the Ministry said “The Ministry of Finance will track debt issuance by state-owned enterprises (SOEs) and public Special Purpose Vehicles (SPV) and monitor collateralized debts issuance and non-concessional borrowing.
“The Ministry will also ensure that debt service is made on time and stay on track to achieve a medium-term debt-to-GDP target of 55 percent of GDP by 2028.”
— Ministry of Finance, Ghana (@MoF_Ghana) May 18, 2023
— Ministry of Finance, Ghana (@MoF_Ghana) May 18, 2023
— Ministry of Finance, Ghana (@MoF_Ghana) May 18, 2023
— Ministry of Finance, Ghana (@MoF_Ghana) May 18, 2023
— Ministry of Finance, Ghana (@MoF_Ghana) May 18, 2023
Congratulations to President @NAkufoAddo & his team on the $3 billion IMF-supported program approved by our Executive Board.
We stand with Ghana as it implements reforms to address the current economic and financial crisis and help build a better future for all Ghanaians.
— Kristalina Georgieva (@KGeorgieva) May 17, 2023