International Monetary Fund (IMF) Managing Director Kristalina Georgieva has reaffirmed her organization's commitment to helping Ghana acquire an economic support program.

This follows the Fund's announcement on December 13 that it had reached an agreement with Ghana at the staff level for an extended credit facility worth US$3 billion over three years, among other things, to restore macroeconomic stability.

On December 16, Kristalina Georgieva shared a video message on Twitter in response to their recent conversation. President Akufo-Addo was in the US for the just concluded US-Africa Leaders' Summit.

“Very good meeting with President @NAkufoAddo. I congratulated him on Ghana reaching a staff-level agreement for IMF support. We stand with Ghana and remain committed to helping deliver relief to Ghanaians,” the IMF boss wrote.

Meanwhile, the Staff-Level Agreement secured with the IMF is subject to IMF Management and Executive Board approval and receipt of the necessary financing assurances by Ghana’s partners and creditors.

"The economic program aims to restore macroeconomic stability and debt sustainability while laying the foundation for stronger and more inclusive growth," the IMF said on its website on December 13.

“The Ghanaian authorities have committed to a wide-ranging economic reform program, which builds on the government’s Post-COVID-19 Program for Economic Growth (PC-PEG) and tackles the deep challenges facing the country," the statement read in part.

“Key reforms aim to ensure the sustainability of public finances while protecting the vulnerable. The fiscal strategy relies on frontloaded measures to increase domestic resource mobilization and streamline expenditure. In addition, the authorities have committed to strengthening social safety nets, including reinforcing the existing targeted cash-transfer program for vulnerable households and improving the coverage and efficiency of social spending," it added.