On Thursday, Ghana’s IMF mission chief Stéphane Roudet emphasized the comprehensive structural components of Ghana’s program with the Fund and its capacity to boost the economy.
As indicated by Roudet, the program comprises of many changes across various areas, which will improve the economy’s capacity to endure future shocks.
He emphasized that the IMF and the government share the objective of making the economy stronger and more resilient through these reforms.
Following the IMF’s approval of $3 billion in support for Ghana, Roudet stated at a joint press conference: It is essential to emphasize how numerous the structural components of this program are. It envelops a great many changes across different areas, which will improve the economy’s capacity to endure future shocks. With this program, the government and IMF precisely intend to accomplish this.
The goal of the program is in line with the government’s vision of stable growth over the long term.
The IMF executive board approved Ghana’s request for a $3 billion bailout on May 17 to help the country recover its economy.
The IMF’s help program will principally zero in on controling expansion and revamping Ghana’s unfamiliar save cradles.
The nation’s economic foundation will be strengthened and a path toward sustainable growth will be facilitated by these measures.
