Gov’t, IMF agree on programme objectives

The government of Ghana and the IMF have agreed on programme objectives, a preliminary fiscal adjustment path, debt strategy and financing required for an extended credit facility programme to be in line with the government’s Post-COVID-19 Programme for Economic Growth (PC-PEG), Finance Minister Ken Ofori-Atta has told parliament on Thursday, 24 November 2022 when he presented the 2023 budget.

The PC-PEG is the government’s blueprint to restore macroeconomic stability, promote debt sustainability, sustain economic recovery and support structural reforms.

Updating the house on the negotiations so far, Mr Ofori-Atta said: “Mr. Speaker, since the government announced its engagement with the International Monetary Fund for a supported programme on 1 July 2022, we have made “substantial progress”.

The Fund, he said, has assured the government of its “strong commitment and support in these difficult times”.