The Ministry of Finance has announced that it has commenced a comprehensive debt sustainability analysis with the International Monetary Fund (IMF) for a $3 billion support programme.
The Ministry further revealed it was going this together with the Bank of Ghana.
A statement from the ministry said: “the Government of Ghana is putting together a comprehensive post-Covid-19 economic programme which will form the basis for the IMF negotiations.”
“The programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability, underpinned by key structural reforms and social protection.”
According to the Ministry it is “optimistic about making progress in our discussions.”
“Government remains committed, and shall continue to actively engage all stakeholders, both public and private, in a clear and transparent manner as we seek to fast-track this process.”
Officials from the IMF are currently in Ghana to continue discussions with the government on policies and reforms that could be supported by a lending arrangement.