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Another IMF team scheduled to arrive in Ghana

Source The Ghana Report

Another team of experts from the International Monetary Fund is set to arrive in Ghana in the coming weeks, according to the Fund’s Resident Representative, Dr. Albert Touna-Mama.

According to him, the second team will continue engagement with stakeholders and data gathering to assess Ghana’s economic situation.

“My colleagues have gone back to Washington but in the coming weeks, we will still be having some virtual discussions, and in the next couple of weeks there will be some experts from IMF coming into the country to look at the country’s public financial management system, it’s tax regime while reviewing other sectors of the economy”, he said

Dr. Albert Touna-Mama maintained that the economic bailout which Ghana seeks cannot be done in a month.

“We also have additional data that we need to gather and analyze, so it will take some time. What has been agreed on is to continue to work together”, he told  CitiFM.

Meanwhile, the first IMF team recently concluded a fact-finding mission to Ghana as part of an invitation for the fund to assist the country to stabilize and revitalize the economy.

The experts met with key stakeholders like the Vice President, Finance Minister, and the Bank of Ghana.

The discussions focused on improving fiscal balances sustainably while protecting the vulnerable and poor; ensuring the credibility of the monetary policy and exchange rate regimes; preserving financial sector stability, and designing reforms to enhance growth, create jobs, and strengthen governance.

 

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