According to Ken Ofori-Atta, the Finance Minister, Ghana's delegation to the Group of Seven (G7) conference with African finance ministers in the US would remain after the summit to wrap up negotiations with the International Monetary Fund, IMF, before returning to Ghana.

He believes that by giving the group more time, they would be able to reach some reasonable judgments.

We will continue with the Mission and the Work since, as you are aware, we are remaining past the Fund and World Bank meetings through, possibly, the 20th.

We hope it will allow us enough time to make some fair decisions about the future.

“I can tell you that the Fund staff is very motivated, which is good and we are 24/7, so the combination of their own enthusiasm and our clarity on the work that has been done to fulfil the President’s promise. If you look at the turnout of discussions for this annual meeting clearly, the world is recognizing that something different has to be done,” Ken Ofori-Atta said as quoted by Accra-based 3news.

Meanwhile, it's been reported that the G7 during the meeting asked the World Bank to provide financial support to Ghana and other African countries to enable them to deal with the impact of the economic crisis caused by force majeure.

The G7 is made of an informal grouping of seven of the world’s advanced economies; namely: Canada, France, Germany, Italy, Japan, United Kingdom, United States of America and European Union.

This group invited finance ministers from South Africa, Senegal, Togo, Zambia, Ghana, Guinea, Rwanda, Chad, Tunisia and Morocco for the all-important meeting.

The meeting with the African Financial Ministers brings together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.