Government has been engaging with an IMF team to review the performance of Ghana’s economy since the beginning a three-year Extended Credit Facility programme three months ago.
The IMF will, over the period of three years disburse 918 million dollars to the country to shore up the country’s reserves and stabilise the local currency, the cedi.
In April this year, the IMF disbursing some 114 million U.S. dollars to Ghana.
The programme runs till 2017. Finance Minister Seth Terkper says the meetings will undertake reviews to ensure that Ghana is adhering to the benchmarks set by the Fund and the government.
The meeting comes at a time Ghana's currency is falling at a faster rate than expected. Prices of petroleum products have gone up which have affected the prices of goods and services.
Mr. Terkper confirmed that the IMF meeting started this morning to review the various benchmarks and structural issues.
"They will have discussion with Finance Ministry, the Bank of Ghana. There will also be joint meetings as well.
"They will meet several institutions and bodies as they normally do. For example meeting with Ghana Revenue Authority, Parliament, Accountant General and other sub-divisions at the Finance Ministry," he said.
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