Ghana has fulfilled all the prerequisites for its program request to be approved by the executive board of the International Monetary Fund except for the assurance of financing from external creditors, Abebe Aemro Selassie, the IMF Director of the Africa Department, has revealed.
He noted that once Ghana secures the financing assurance, the staff will quickly present the program request to the executive board for approval.
“We are now comfortable that all of the measures required for us to present the program to our Executive Board are complete, except for the required financing assurances from Ghana’s external creditors.”
He was speaking at the launch of the Regional Outlook Report for Africa in Washington DC.
He has therefore admonished Ghana’s creditors to hasten the negotiations by providing the necessary financing assurance.
He expressed optimism that this would happen in the next few weeks.
He further indicated that government had implemented several measures that supported the program’s approval by the board. He acknowledged that Ghana’s challenges were significant and required addressing over the course of the program period.
By: Rainbowradioonline.com/Ghana
