Ghana has a long track record of sound macroeconomic management, it ought to be supported – IMF

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Kristalina Georgieva, the Managing Director of the International Monetary Fund(IMF), has pleaded with Ghana’s creditors for assistance, stating that Ghana has a history of excellent macroeconomic management.

Madam Georgieva expressed her optimism during a press briefing at the present IMF/World Bank Spring Meetings, saying she believes the IMF-supported program for Ghana will restore macroeconomic stability.

“Let’s remember that Ghana for a long time, has done really well to tap markets to finance its growth path. It has been, like all innocent bystanders, hit by Covid, hit by the war in Ukraine; and it has complicated domestically, the ability to finance the budget”.

“So a country that has a long track record of sound macroeconomic management, it ought to be supported to return to markets [financial markets]. So our programme is a bridge for Ghana and to tell you the truth, I am actually quite optimistic.”

Earlier, Madam Georgieva assured the Fund firmly that it would take prompt action to approve Ghana’s request for a programme as soon as an agreement was reached with its creditors.

She said, “We are certain that the creditors will act fast at the meetings next week and will also act swiftly on Ghana’s request.”

She advised Ghanaians to maintain their optimism over the nation’s program request since speedy action will soon be implemented.

Source: Ghanatodayonline.com

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