IMF agreement will conclude in March, according to President Akufo-Addo

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President Akufo-Addo believes once that hurdle is crossed, the IMF deal would be as good as done within this month.

“Just as we managed to get the staff-level agreement in record time in December last year, whose terms we’re systematically fulfilling, including the difficult but ultimately highly successful process of the domestic debt exchange programme, I’m confident that with the cooperation that we’re receiving from the Paris Club and the People’s Republic of China, which has sent a delegation from China’s EXIM Bank to Accra over the weekend to meet with officials of the Ministry of Finance, we shall be able to go to the board of the Fund to conclude finally the agreement by the end of March” President Akufo-Addo added.

Members of the country’s diplomatic corps have been informed by President Akufo-Addo that Ghana is still dedicated to the shared continental endeavor to maintain peace and security.

Regarding Africa’s interests, he said, “we desire jointly a peaceful and safe Africa founded on the progressive principles of fostering democracy, good governance, respect for human rights, social equity, and the rule of law.”

On Tuesday, February 28, 2023, at the Peduase House, when he shared New Year’s greetings with members of the diplomatic corps, Nana Akufo-Addo informed them of this.

The President has the chance to wish everyone a Happy New Year and to exchange greetings with members of the diplomatic corps. He also has the chance to affirm the nation’s shared commitment and dedication to strengthening the ties of friendship, cooperation, goodwill, and solidarity between Ghana and their respective countries and organizations.

In addition, the President stated that China’s government and the Paris Club are supporting Ghana in its efforts to restructure its external debts in order to meet the deadline for obtaining a board-level agreement with the International Monetary Fund for the $3 billion extended credit facility to rescue the faltering economy.


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