In order to be eligible for a supported program, the government must complete the debt sustainability analysis with the International Monetary Fund, according to Finance Minister Ken Ofori-Atta.

0

He claims that no decision has been made about the specifics of any debt operations yet.

1

He stated, "we simply have not reached any agreement with the Fund on the parameters of any debt operations as we are in the process of concluding the debt sustainability review," in a press conference on September 28, 2022.

2

As we work to expedite the IMF discussion process, the government shall continue to aggressively engage all stakeholders in a clear and transparent manner.

3

The Ministry of Finance on September 26, 2022, said the new IMF mission in Ghana is currently underway to conduct a debt sustainability analysis.

4

Ofori-Atta, however, stated that the IMF and Government Team are working to update the medium-term macro-fiscal framework to inform IMF programme design.

5

“Also, the Government Team and the IMF Team are discussing policy measures and structural reforms proposed in our economic programme aimed at addressing the economic challenges facing the country towards restoring and sustaining macroeconomic stability, and fiscal and debt sustainability, as well as promoting durable and inclusive growth and social protection,” he noted.

6

He, therefore, reiterated the government’s commitment to ensure that the country’s financial sector is protected.

7