IMF lending arrangement

02 Feb

We Are Optimistic Ghana Will Secure IMF Board Approval In quarter 1, 2023 – Fitch Solutions

wontumionlineBusinessFitch solutions, Ghana, imf, IMF lending arrangement, Mike Kruninger

Fitch Solutions, has expressed optimism of a likely International Monetary Fund Board approval for a programme for Ghana in the first quarter of 2023. In its January 2023 Sub-Saharan Africa Macroeconomic Update, it said the country has made significant progress on the Domestic Debt Exchange Programme, a key condition for the $3 billion Balance of Payment support from the Fund. Senior Country Risk Analyst at Fitch Solutions based in London, Mike Kruninger said “the first thing I should say is that, the IMF Executive Board approval will happen in the coming weeks”. He, however, warned that should the approval fail…

26 Sep

IMF Team Arrives September 26 To Continue Discussions With Government Over Programme

wontumionlineBusinessimf, IMF lending arrangement, Stéphane Roudet

An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, Mission Chief for Ghana, will arrive in Accra tomorrow September 26, 2022 and continue discussions with government on policies and reforms that could be supported by a Fund lending arrangement. The team will also further engage with other stakeholders including the Bank of Ghana, Parliament, business associations and civil society groups during the visit. The discussions with government and other stakeholders will end on October 7, 2022. This is coming after the downgrade of Ghana’s credit to further junk status by rating agency, Fitch. Fitch downgraded Ghana’s Long-Term Local-…