Finance Minister Ken Ofori-Atta has disclosed that an International Monetary Fund (IMF) staff team will be in Ghana from September 25 to the first week of October.
This is to assess the implementation of Ghana’s Economic Recovery Programme.
This will be the second visit by the IMF after its board approved Ghana’s bailout on May 17.
The team is expected to review the targets under the $3 billion three-year extended credit facility.
“The fund will be here on September 25 through the beginning of October. Hopefully, we will get the staff-level agreement then, and then we will go to the board in November of this year.”
“I believe that by going through the mission in September, we should be able to reach a successful staff-level agreement, and that will help us in our negotiating position,” he said.
Mr Ofori-Atta added that Ghana was on track to receive the second tranche of the IMF bailout cash in December to support the government’s balance of payments (BOP) for 2023 and 2024.
He made the disclosure at the 3rd GIPC CEO’s Breakfast Meeting in Accra on September 5.
Ghana is progressing in addressing its financial challenges and securing the funds needed to support its economy.
The government’s efforts in cooperation with international organizations like the IMF and the World Bank are expected to contribute to the improvement of Ghana’s financial stability and economic growth.