The US$3 billion extended credit facility deal with the International Monetary Fund, once agreed by the board of the Bretton Woods institution, will help Ghana restore economic stability, tackle inflation and strengthen the Ghana cedi, Finance Minister Ken Ofori-Atta has said.
Addressing Journalists at a press conference on Tuesday, 13 December 2022, following the staff-level agreement, Mr Ofori-Atta said: “Truly, the eventual conclusion of the program will assist us in our efforts to restore stability, tackle inflation, and strengthen our currency.”
“That is why the various ingredients of the programme should be supported by all Ghanaians and all stakeholders.”
The staff of the IMF and the Ghanaian authorities reached an agreement on economic policies and reforms to be supported by a new three-year arrangement under the Extended Credit Facility (ECF) of about US$3 billion.
Source: Mybrytnewsroom.com/Kwabena Nyarko Abronoma
