Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF) has indicated the programme entered by the government of Ghana is beginning to yield the desired results.
Madam Georgieva believes the commitment contained in the policy are in the best interest of the Ghanaian people.
On Tuesday, January 16, 2024, the IMF boss posted on X that the board of the Bretton Woods Institution was satisfied with assurance Ghana’s external creditors have given.
“Wonderful to see President Nana Addo Dankwa Akufo-Addo and Ghana’s Finance Minister, Ken Ofori-Atta at #WEF24. The policy and reform commitments under Ghana’s economic program are starting to bear fruit,” she posted.
Wonderful to see @NAkufoAddo and @oofmghana at #WEF24. The policy and reform commitments under 🇬🇭 Ghana’s economic program are starting to bear fruit. pic.twitter.com/r7fwm2xl3Y
— Kristalina Georgieva (@KGeorgieva) January 16, 2024
The IMF MD has welcomed already, the Official Creditor Committee’s agreement with Ghana, saying it is in line with the Fund’s objectives as enshrined in the programme.
Aside from restoring macroeconomic stability and debt sustainability, the programme, according to the woman, aims at building resilience to lay a foundations for a stronger and inclusive growth.
She expressed gratitude to China and France, the co-chairs of the Official Creditor Committee, for their efforts in reaching the agreement.
“I welcome Minister of Finance Ofori-Atta’s announcement that the Ghanaian authorities have reached an agreement in principle with their official creditors on a debt treatment, consistent with the objectives of the IMF-supported programme, which aims to restore macroeconomic stability and debt sustainability, build resilience, and lay the foundations for stronger and more inclusive growth.
“I want to thank the Official Creditor Committee, especially the co-chairs, China and France, for all their work to reach this agreement. This is another substantial milestone for the G20 Common Framework under which G20 creditors joined forces to agree on debt relief for Ghana,” she explained.
