Disregard 'False Claims About IMF Negotiations' - Finance Ministry | Economy

The Finance Ministry has debunked what it describes as 'false claims' in regards to the IMF deal.

In an announcement, "the Ministry notes that in recent days, a number of persons have been making false claims about the ongoing negotiations with the International Monetary Fund (IMF or the Fund)".

According to the Ministry, the negotiations with the International Monetary Fund (IMF) have been "progressing smoothly and we look forward to having a Staff Level Agreement by the end of the year," and that each one false claims have to be disregarded.

"We made good progress in identifying specific policies that would restore macroeconomic stability. ... The IMF team and the Ghanaian authorities remain fully committed to reaching agreement on a framework and policies for an IMF-supported program as soon as feasible".

The Ministry has additionally refuted the declare that the government doesn't have a program for consideration by the IMF.

"To the contrary, the government has submitted its Post-COVID Program for Economic Growth to the Fund, which program has formed the basis of negotiations. The Ghanaian delegation and IMF staff had very fruitful discussions on the authorities' post-COVID program for economic growth and associated policies and reforms that could be supported by a new IMF arrangement" the assertion added.