The government says it is putting together a comprehensive post COVID-19 economic programme which will form the basis for the IMF negotiations.
In a statement issued by the Ministry of Finance to announce the commencement of negotiations with the IMF in Accra yesterday, it said “The Ministry of Finance and the Bank of Ghana have commenced discussions with the IMF for an IMF-supported programme.”
It said a key prerequisite for a programme was confirmation that Ghana’s debt was on a sustainable path and would require a comprehensive Debt Sustainability Analysis (DSA), which was currently ongoing.
“ The programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability underpinned by key structural reforms and social protection,” it said.
“The government negotiations with respect to the IMF-supported programme is commencing this week and we are optimistic about making progress in our discussions," the statement said.
It said the government remained committed and shall continue to actively engage all stakeholders, both public and private, in a clear and transparent manner.
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