Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has assured Ghanaians that the Fund will be working expeditiously to approve the country's request to obtain a credit facility worth $3 billion.

Engaging stakeholders during the Spring Meetings of the World Bank Group (WBG) on Thursday, Madam Georgieva she expressed optimism about creditors giving Ghana the go ahead to finalise its deal with the Fund.

“To tell you the truth, I am actually quite optimistic. Ghana is going to move; the creditors are going to move; and we (the IMF) are going to move swiftly… so stay tuned and stay positive,” she said.

Her assurance comes amid ongoing discussions between Ghana and its creditors over its debt situation. Ghana’s debt-to-GDP ratio has increased to over 90%, leading to concerns about its ability to repay its loans.

However, Madam Georgieva said the IMF is committed to supporting Ghana’s economic recovery and will work closely with the government and other stakeholders to address the country’s debt challenges.

“We know that Ghana has a strong track record of economic growth and has made significant progress in reducing poverty in recent years,” Georgieva said. “We believe that with the right policies and support, Ghana can overcome its current challenges and continue on a path of sustainable development.”

She also praised the Ghanaian government’s efforts to implement economic reforms, saying that they have taken “difficult but necessary steps” to address the country’s fiscal imbalances.

Madam Georgieva added that, the IMF is committed to providing technical assistance and policy advice to help Ghana implement its economic reform programme.