IMF negotiations: Staff-level agreement to be reached by end of 2022 – Finance Ministry

According to the Ministry of Finance, the Ghanaian government and the International Monetary Fund (IMF) are on the right track to finalizing a program with the aim of reaching a Staff-Level Agreement by the end of the year.
On the sidelines of the annual meetings of the World Bank and the International Monetary Fund, this follows meetings between the Government and the IMF to advance negotiations toward a Fund-supported Program.
“a pathway towards fiscal sustainability has also been extensively discussed, and the Government of Ghana and the IMF remain fully committed to the goal of reaching a Staff-Level Agreement on a Programme within the shortest possible time,” the Ministry stated in an update to citizens.

The Ministry indicated in pursuance of the Staff-Level Agreement, negotiations with the IMF will continue in Accra, as the IMF team is expected within the next few weeks.

Meanwhile the Government of Ghana has expressed its gratitude to the IMF, the World Bank, bilateral partners and external investors for their continuous support even as the country goes through a tough time.

Furthermore, “the Ministry of Finance and the Bank of Ghana thank the people of Ghana for their forbearance in what is undoubtedly a troubling and challenging time for our economy, and economies globally. Government will continue to work with a fierce sense of urgency, to stabilize the economy and place it back on a firm trajectory of growth.”

The Ministry has indicated it will continue to provide regular updates and further details on the country’s economic programme to the public immediately they become available.

“These updates will be posted on the Ministry’s website, under a section titled IMF Programme Updates,” the statement said.