According to TV3’s Parliamentary journalist Komla Kluste, the IMF team has encouraged Ghana’s Parliament to approve a $1 billion loan that is currently before the House in order to prevent the country’s economy from coming to a complete halt.
On Tuesday, July 12, as part of its initial conversations with the government regarding a potential program, the team met with the Finance Committee of Parliament.
In addition, Komla claimed that “the IMF says that the issue of employment sustainability is bad, debt levels are so high, and the expenditure on social policy is also very expensive.”
The IMF staff team is being led by Carlo Sdralevich, mission chief for Ghana.
Mr. Sdralevich in a statement earlier said on the engagement with Government officials that “On the basis of a request from the Ghanaian authorities, an IMF staff team will in the coming days kick-start discussions on a possible program to support Ghana’s homegrown economic policies. We are at an early stage in the process, given that detailed discussions are yet to take place.”
“The IMF stands ready to assist Ghana to restore macroeconomic stability, safeguard debt sustainability, and promote inclusive and sustainable growth, and address the impact of the war in Ukraine and the lingering pandemic.”
“We are looking forward to our engagement with the authorities in Accra,” the Fund said.
