Kristalina Georgieva, the managing director of the International Monetary Fund (IMF) has reiterated the Fund’s commitment to helping revive Ghana’s economy to deliver relief to Ghanaians.
In a tweet after President Akufo-Addo met officials of the IMF in Washington, USA, Georgieva said, “Very good meeting with President Akufo-Addo. I congratulated him on Ghana reaching a staff-level agreement for IMF support.”
“We stand with Ghana and remain committed to helping deliver relief to Ghanaians,” she added.
Very good meeting with 🇬🇭 President @NAkufoAddo. I congratulated him on 🇬🇭Ghana reaching a staff-level agreement for IMF support.
We stand with Ghana and remain committed to helping deliver relief to Ghanaians. pic.twitter.com/j6t3NmjGHD
— Kristalina Georgieva (@KGeorgieva) December 16, 2022
The International Monetary Fund (IMF) and Ghana this week reached a staff-level agreement on a loan deal.
The government has begun restructuring its debt by rolling out a plan to swap US$10.5 billion in local bonds for new ones.
If a domestic debt rework is “done in a coherent manner, with the support of the IMF and the local banking system, the country will be in a significantly better position because it addresses the near term external liquidity challenges,” said Carmen Altenkirch, Aviva Investors emerging markets sovereign analyst.
The government has not yet announced plans for a foreign debt restructuring. Creditors are getting ready though, with two sources telling Reuters a steering committee of dollar debt holders will be announced next week.
Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in or log on to broadcasts online: www.asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming: facebook.com/asaaseradio99.5. Also on YouTube: Asaase Radio Official.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.
#AsaaseRadio
#TheVoiceofOurLand
