Ghana’s President Nana Addo Dankwa Akufo-Addo is hopeful that the International Monetary Fund will bail out his country (IMF).
He claimed that as of right now, the nation is on pace to get IMF board approval for the bailout by the end of March.
Speaking to members of the diplomatic corps on Tuesday at the Peduase Lodge, the president expressed his confidence that the IMF agreement will be finalized by the end of March thanks to the Paris Club’s support.
“Just as we managed to achieve a staff-level agreement with the Fund in record time in December last year whose terms were systematically fulfilling including the difficult but ultimately highly successful process of the Domestic Debt Exchange Programme, I am confident that with the cooperation we have received from the members of the Paris Club and the People’s Republic of China, which sent a delegation from China’s EXIM Bank to Accra over the weekend to meet with officials of the Ministry of Finance, we shall be able to go to the Board of the Fund to conclude finally the agreement by the end of March,” he said.
“This would pave the way for the significant recovery of Ghana’s economy,” President Akufo-Addo continued. Without a doubt, we shall really hope that all of Ghana’s allies will express their support at the Fund.
Ghana and the IMF have already established a staff-level agreement (SLA), but the board has not yet approved i
