We're ready to assist Ghana to restore macroeconomic stability, safeguard debt sustainability — IMF

Dr. Albert Touna-Mama

The IMF resident representative to Ghana, Dr. Albert Touna-Mama has indicated that his outfit is ready to assist Ghana government to restore macroeconomic stability and safeguard debt sustainability for the country.

Confirming that officials within government of Ghana have made contact with the IMF, Dr. Albert Touna-Mama said the IMF looks forward to holding various engagements with the country’s representatives.

“We can confirm that the authorities have been in touch to request Fund’s support to #Ghana’s own economic program. The #IMF stands ready to assist #Ghana to restore macroeconomics stability; safeguard debt sustainability; promote inclusive and sustainable growth and face the impact of the war in #Ukraine and the lingering pandemic.

“We are looking forward to meeting with the authorities in the coming weeks to start the initial discussions,” Dr. Albert Touna-Mama said in a Tweet on Friday afternoon.

Earlier today, the Ministry of Information released a statement announcing that President Nana Addo Dankwa Akufo-Addo has directed Finance Minister Ken Ofori-Atta to engage the IMF for support.

“The President of the Republic, Nana Addo Dankwa Akufo-Addo, has authorized Finance Minister Ken Ofori-Atta to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic program put together by the Government of Ghana.

“This follows a telephone conversation between the President and the IMF Managing Director, Miss Kristalina Georgieva, conveying Ghana's decision to engage with the Fund,” the Ministry’s press release signed by Minister Kojo Oppong Nkrumah said.

The engagements are expected to begin immediately as the government of Ghana hopes to turn around the economic fortunes of the country as soon as possible.