A mission crew from the International Monetary Fund (IMF) is due to arrive in Ghana today, June 7 to evaluate the development of Ghana’s Economic Recovery Programme.
After Ghana’s $3 billion bailout was approved on May 17, this visit is the IMF’s initial evaluation of the country.
According to the agreement, a $600 million initial transfer was made, and additional disbursements are anticipated to happen every six months based on programme reviews carried out by the IMF Executive Board.
Key organisations including the Bank of Ghana, the Finance Ministry, and other important players will hold discussions about the future during the one-week visit.
The purpose of these engagements is to evaluate the implementation of Ghana’s Economic Recovery Programme and determine the effectiveness of the measures taken to address the economic challenges.
The IMF plays a crucial role in supporting member countries facing economic difficulties by providing financial assistance, policy advice, and technical expertise.
The Economic Recovery Programme aims to strengthen Ghana’s economy, promote fiscal discipline, improve financial sector stability, and foster sustainable economic growth.
Ghana’s collaboration with the IMF reflects its commitment to implementing sound economic policies and reforms to address macroeconomic imbalances and promote long-term stability.
