Business General

I’m very determined for us to reach agreement with Ghana by December 2022 – IMF Boss

The Managing Director of the International Monetary Fund, Kristalina Georgiva, has reiterated his outfit’s commitment to reaching agreement with the government by the end of this year for an economic programme.

According to her, Ghana’s current economic woes is not a self-inflicted one but exogenous shocks such as COVID-19 and the Russian/Ukraine War.

Speaking with Joy News’s Benjamin Akakpo at the Africa Adaptation Summit in Rotterdam, Holland, Madam Georgiva, said the present economic imbalances is not due to bad policies by the government.

“I’m very determined for us to indeed reaching agreement with Ghana by the end of this year [2022]. We started very constructive discussions already. And to the people of Ghana, like everybody on this planet you have been hurt by exogenous shocks; first the pandemic, then Russian/Ukraine war”.

“And that we need to realise that it’s not because of bad policies in the country, but because of these combination of shocks. Therefore, we have to support Ghana because you are a member, you are a strong country, you have fantastic people”.

She pointed out that discussions between Ghana and the Fund has been progressing steadily.

“We have to support Ghana because your strength contributes to the strength of your neighbors, it contributes to a stronger world”.

On whether Ghana will get the $3 billion the authorities have been asking for, Madam Georgiva said “let’s go to the discussions and then you will know”.

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