Ken Ofori-Atta, the Finance minister, visited the United States this week for a routine medical examination. He met with Kristalina Georgieva, Managing Director of the International Monetary Fund, while he was in the US, to go over Ghana’s economic difficulties.
Ghana’s economy needs stabilization, and the International Monetary Fund (IMF) has stated its willingness to assist.
After a meeting with the Finance Minister, Ken Ofori-Atta, the IMF’s Managing Director, Kristalina Georgieva, tweeted about this.
The Vice President, the Finance Minister, and the Bank of Ghana were among the important parties the IMF met with during its fact-finding visit to Ghana, which was completed in July.
Fitch Ratings recently lowered Ghana from B- to CCC.
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Inflation in the nation also reached 31.7 per cent in July 2022.
Within six months, an agreement with the IMF should be in place, according to Fitch.
Constructive meeting w/🇬🇭 Finance Minister Ofori-Atta & his team on Ghana’s economic challenges and the way forward.
We are ready to do our part to help the authorities stabilize the economy, lay the ground for stronger growth & help the most vulnerable. pic.twitter.com/ueQ4d3uY8k
— Kristalina Georgieva (@KGeorgieva) August 26, 2022
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