On December 1, 2022, representatives of the International Monetary Fund (IMF) will be in Ghana to consult with the government on their economic rescue plan.

Stéphane Roudet, the IMF's Mission Chief for Ghana, will be in charge of the team that will be in Ghana from December 1 to December 13, 2022.

Prior to their trip to Ghana, Mr. Roudet pointed out that the Bretton Woods organization had constructive meetings with the Ghanaian government in recent months and was hoping for a more forward-thinking one to reach an understanding on the policies and changes put forth to the IMF.

He stressed that the IMF remains committed to help Ghana restore its macroeconomic stability for Ghanaians to heave a sigh of relief.

“We have had productive discussions with the Ghanaian authorities over the last few months and look forward to our engagement in Accra...our objective for this visit is to make further progress toward reaching agreement on policies and reforms that could be supported by an IMF lending arrangement," he said.

“The IMF remains fully committed to help Ghana restore macroeconomic stability, bring relief to Ghanaians in this time of crisis, and lay the foundation for more inclusive growth,” he added.

Ghana is targeting an amount of $3 billion over a three-year period from the IMF once an agreement on a programme is reached.

The new amount requested as a loan is double the government’s initial target of $1.5 billion.

The possible IMF programme for Ghana is aimed at restoring macroeconomic stability and safeguarding debt sustainability among many others.