IMF Approval Sets Tone For Accelerated Recovery – President Akufo-Addo | Economy

President Nana Addo Dankwa Akufo-Addo has mentioned the “excellent news” that the Worldwide Monitory Fund (IMF) board is ready to approve Ghana’s programme positions the nation for accelerated financial and transfer in direction of the trail of improvement.

“The sacrifices that the nation needed to make since final yr, the difficulties… it could be that in the end, we’re going to see the restoration as a result of, with the approval of the IMF, we’re then in a robust place to do different preparations that can assist our economic system get again into a robust place,” he added.

President Akufo-Addo said this when the Catholic Bishops Convention paid a courtesy name on him on the Jubilee Home in Accra Friday (Might 12, 2023).

The IMF is ready to approve Ghana’s US$3billion programme by Might 19, 2023, after the nation acquired monetary assurances from its exterior collectors.

President Akufo-Addo informed the Bishops that “in the present day is a special occasion within the latest historical past of Ghana. In the end, after our varied points with the IMF, in the present day, we’re knowledgeable that the final hurdle in direction of our settlement with the fund has been overcome”.

He defined that the Paris Membership met in the present day and shaped the credit score committee, co-chaired by China, and had okayed and accepted Ghana’s request, including that “and, in reality, put very sturdy phrase behind the approval. So it’s fortuitous that you simply [Bishops] ought to be right here on such a date”.

He described the announcement as “excellent news”, which meant that hopefully, subsequent Wednesday, the board itself would meet and provides a ultimate settlement to Ghana’s demand.