The ministry of finance and the Bank of Ghana have commenced discussions with the IMF for an IMF-supported programme.
A key pre-requisite for a programme is confirmation that Ghana’s debt is on a sustainable path and this will require a comprehensive Debt Sustainability Analysis (DSA), which is currently ongoing.
A statement from the Finance Ministry said the Government is putting together a comprehensive post-Covid-19 economic programme which will form the basis for the IMF negotiations.
The programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability underpinned by key structural reforms and social protection.
As government negotiations with respect to the IMF-supported programme commence this week, the MoF has expressed optimism about making progress in the discussions.
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The government says it remains committed and shall continue to actively engage all stakeholders, both public and private, in a clear and transparent manner as it seeks to fast-track this process.
Ghana is seeking $3 billion from the IMF.
