Minister of Finance Ken Ofori-Atta is leading Ghana’s delegation to the Annual Meetings of the International Monetary Fund (IMF) and the World Bank group (WBG) to be held in Washington DC, USA.
The Meetings are scheduled to be held from Monday to Sunday, October 20.
The Meetings of the boards of governors of IMF and WBG bring together ministers of finance, central bankers, and development partners, parliamentarians, private sector executives, representatives from civil society organizations, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial system.
Ghana’s delegation includes the Governor of the Bank of Ghana, the Chairman of the Finance Committee in Parliament, some deputy ministers and other officials from the Finance Ministry and the Bank of Ghana.
While in Washington, the Ghanaian delegation will participate in the Africa Caucus meeting with David Malpass and Kristalina Georgieva, the President of the World Bank, and the IMF Managing Director, respectively.
They will also meet with Jingdong Hua, Vice President and Treasurer of the World Bank Group, and Hafez Ghanem, the World Bank Vice President for Africa.
Mr Ofori-Atta, who is the current Chairman of the Development Committee and the Africa Caucus, will lead the Caucus to present their views and concerns to the world body.
Last August, Ghana hosted the Africa Caucus meeting in Accra during which the caucus among other things committed to pursue macroeconomic frameworks, policies and reforms that support private sector investment, women empowerment, and sustainable growth.
The Caucus’s ‘Accra declaration’ issued after the Caucus meeting, demanded that the Bretton Woods institutions “support reforms and investments to foster private sector development and facilitate entrepreneurship and innovation, particularly in agribusiness, manufacturing, industrial parks, renewable energy, housing and digitization”.
The delegation will attend the Commonwealth Finance Ministers’ Meeting, attend the G24 Meetings, and the launch of the Regional Economic Outlook for Sub-Saharan Africa.
Aside from the obligatory meetings of the IMF and the World Bank, the delegation will hold bilateral discussions with partner countries, financial institutions and private sector investors and the rating agencies.