Source: newsthemegh.com
Stéphane Roudet served as the team leader for the International Monetary Fund (IMF), which has returned from a six-day trip to Ghana.
The purpose of the visit was to consult with Ghanaian authorities and stakeholders about current economic developments and the execution of the program supported by the Fund that was approved on May 17, 2023.
At the conclusion of the tour, Mr. Roudet noted encouraging indications of economic stabilization in Ghana.
In the midst of a complicated global economic landscape, he emphasized softening inflation, a gain in overseas reserves, and a less volatile exchange rate as important markers of progress.
We also evaluated the authorities’ progress in fulfilling significant obligations under the program financed by the Fund. These will be formally evaluated as part of the Extended Credit Facility agreement’s initial review, which is anticipated to take place in the fall.
We highlighted that early restructuring agreements with creditors are crucial to securing the anticipated benefits of the Fund-supported program while discussing the status of the debt restructuring activities.
He also said that during their visit, the IMF staff team had in-depth conversations with a number of high-ranking officials, including President Nana Addo Dankwa Akufo-Addo, Vice President Dr. Mahamudu Bawumia, Finance Minister Ken Ofori-Atta, and Bank of Ghana Governor Dr. Ernest Addison.
Meetings were also held with representatives of the commercial sector, civil society, the finance committee of the parliament, and government agencies.
The Ghanaian government and other stakeholders were thanked by the IMF delegation for their helpful cooperation and assistance during the visit.