Ghana is hopeful that the current negotiations with the IMF will be finished by March in order to receive the fund’s support.
This is due to the fact that the problems with the domestic debt swap program, one of the prerequisites, have “essentially been resolved,” allowing the country to go all out.
When he spoke with the visiting German Federal Minister of Finance, Christian Lindner, last Friday at the Jubilee House in Accra, President Nana Addo Dankwa Akufo-Addo provided this promise.
He claimed that the government’s key priorities are the process of finalizing negotiations with the IMF and the specific support that would enable Ghana to accelerate its economic recovery.
“We have already taken one important step forward in concluding a staff-level agreement with the IMF. One of the steps was the domestic debt exchange programme which encountered a lot of difficulty, but it has now been virtually concluded.
“We are now looking towards going the full hog and concluding the agreement. We’re hoping that will be done by the middle of March,” President Akufo-Addo said.
Source: Mybrytnewsroom.com/Joseph Asare
