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We have worked hard to get Ghana the $3bn support programme – IMF Boss

We have worked hard to get Ghana the $3bn support programme – IMF Boss

Officials at the International Monetary Fund (IMF) have worked hard to ensure that Ghana gets the $3 billion support programme it is seeking, Managing Director of the Fund Kristalina Georgieva, has said.

She says Ghana’s creditors must now speed up their engagements with the West African country as part of the process to get the deal closed.

Speaking at the ongoing IMF/World Bank Spring Meetings in Washington, she said “we have been in constant contact with authorities in Ghana, we have worked very hard and very swiftly to have the programme, $3bn support programme, for Ghana in place.

“We have been urging Ghana’s creditors to act swiftly. My appreciation also for the proactive role of the Minister of Finance of Ghana in reaching out to the creditors. We are expecting that next week there will be discussions among creditors.”

“I can tell you that I use every opportunity myself to urge them to act swiftly. Let us remember that Ghana for a long time has done really well to tap markets to finance its growth paths.

“It has been like all innocent bystanders hit by Covid, hit by the war in Ukraine. it caused complicated domestically, the ability to Finance the budget.

“So a country that has a long track record of sound macroeconomic management,” she added.

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