President Akufo-Addo on Friday asked the Finance Minister to officially begin formal engagements with the IMF.
In a statement signed by Information Minister, Kojo Oppong Nkrumah, the engagement will be to invite the Fund to support an economic program put together by government.
“The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, has authorised Finance Minister, Ken Ofori-Atta to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to Support an economic program put together by the Government of Ghana,” the statement said.
Among other things, the government says the IMF support will provide “balance of payment support as part of a broader effort to quicken Ghana’s build back in the face of challenges induced by the COVID-19 pandemic, and recently, the Russia-Ukraine crisis.”
Prior to this announcement, renowned Journalist and host of Peace FM's morning show Kwami Sefa Kayi in a discussion with Sports Journalist Dan Kweku Yeboah hinted that looking at the current situation in the country, going to IMF will be inevitable.
According to him, had the right things been done, there would have been no need to go back to the IMF.
Listen to their discussion in the video below
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