Bawumia to speak on decision to go to IMF on July 14

According to Gabby Otchere-Darko, a prominent member of the New Patriotic Party (NPP), Vice President Dr. Mahamudu Bawumia will likely address Ghana’s decision to approach the International Monetary Fund (IMF) at the official launch of the partnership between Accra Business School and South East Technological University, Ireland.

On Thursday, July 14, the event is anticipated to take place in Accra.

From July 6 to July 13, an IMF staff team led by Carlo Sdralevich, mission chief for Ghana, will be in Accra for preliminary talks with the Ghanaian government about a potential IMF-supported program.

Mr. Sdralevich in a statement said “On the basis of a request from the Ghanaian authorities, an IMF staff team will in the coming days kick-start discussions on a possible program to support Ghana’s homegrown economic policies. We are at an early stage in the process, given that detailed discussions are yet to take place.”

“The IMF stands ready to assist Ghana to restore macroeconomic stability, safeguard debt sustainability, and promote inclusive and sustainable growth, and address the impact of the war in Ukraine and the lingering pandemic.”

“We are looking forward to our engagement with the authorities in Accra,” the Fund said.

The Government of Ghana on Friday July 1 announced that it was seeking support from the IMF.

This followed a telephone conversation between the President and the IMF Managing Director, Miss Kristalina Georgieva, conveying Ghana’s decision to engage with the Fund, a statement by the Ministry of Information said.

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