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IMF Mission Team in Accra for Second Review

IMF Mission Team in Accra for Second Review

Accra, 2nd April 2024 – The International Monetary Fund Mission, led by the Mission Chief, Stephane Roudet, is in Accra for a second review of the three-billion-dollar IMF supported PC_PEG programme. The mission, when successful, will lead to another disbursement of 360 million dollars.  

Welcoming them, Dr. Mohammed Amin Adam, Minister for Finance assured the team of governments’ commitment to the IMF programme, saying “I am personally committed to achieving the objectives of the PC-PEG programme and my team is ready to work with you to achieve that in another record time.” 

He gave an overview of the economy noting that the economic indicators were trending in the right direction and that the government will continue to work hard to sustain the gains under the programme. 

The Minister also assured the team that the government was working with external creditors to reach an agreement quickly to bring the debt restructuring programme to an end. 

Dr Amin Adam took the opportunity to express appreciation to the MD of the Fund, Krystalina Georgieva for her visit to Ghana last month. 

Dr Maxwell Opoku-Afari, 1st Deputy Governor speaking on behalf of the Governor of Ghana’s Central Bank also reiterated government's commitment to stay within targets to sustain the gains made so far. 

Mr Stephane Roudet also expressed similar sentiments regarding achieving a successful review that will culminate in a staff level agreement to trigger the release of more funds from the Fund.  

This second review is to enable the Fund assess Ghana’s performance on programme objectives, the six Quantitative Performance Criteria, the three Indicative Targets (ITs), one Monetary Policy Consultation Clause (MPCC), and the Structural Benchmarks (SBs) with regards to end December 2023 targets. END