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IMF Set To Deploy Another Delegation To Ghana

In the upcoming weeks, the International Monetary Fund will send another delegation to Ghana as the nation struggles to finalize a bailout plan.

After the Akufo-Addo administration declared its plan to return to the IMF for a bailout, a staff team traveled to Ghana in July for preliminary talks.

Ghana is asking the fund for a $3 billion package.

At a recent media event, Gerry Rice, the International Monetary Fund's director of communications, said:

“Ghana has, as you probably know, requested a program from the IMF. We had an IMF staff team in Accra in July [2022] to begin initial discussions with the Ghanaian authorities. And we characterized that mission as constructive, kickstarted the process, and laid the groundwork for engagement, which now continues.”

Our IMF Mission Chief recently returned to Accra to meet with important peers. We also anticipate another visit in the upcoming weeks. Although I don't have a specific date in mind for you, it will definitely happen soon.

The IMF's managing director, Kristalina Georgieva, stated earlier this month that an agreement between Ghana and the IMF should be negotiated and completed before the end of the year.

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Akufo-Addo Gerry Rice Ghana IMF International Monetary Fund

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