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Speed up IMF talks to create a predictable economic outlook

Speed up IMF talks to create a predictable economic outlook

Former President John Dramani Mahama is concerned that further delays by the government in reaching an agreement with the International Monetary Fund will worsen the country’s economic situation.

After months of struggling with the economy and a cost-of-living crisis, Ghana returned to the IMF for assistance.

In a tweet, the former President stated that the economic situation is distressing.

“Every passing day worsens our economic situation.”

Also read:     Mahama tells US Ambassador that Akufo-Addo’s poor decisions worsened economic woes


He urged the government to “work more quickly to lock in a program with the Fund in order to create a more predictable economic outlook.”

The formal negotiations for a Fund-supported program have begun, with an IMF team meeting with government officials for ten days.

The IMF has begun discussions on a comprehensive debt sustainability analysis for a US$3 billion assistance program.

On Wednesday, September 28, 2022, Finance Minister Ken Ofori-Atta stated that the government will expedite negotiations with the International Monetary Fund (IMF) to ensure key aspects of the program are reflected in the 2023 budget statement.

Meanwhile, some economists are skeptical that the IMF deal will be completed before the end of the year.


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