The International Monetary Fund is planning to send another team to Ghana in the coming weeks as the government works to finalize a bailout agreement.
After the Akufo-Addo administration revealed its intention to seek a bailout from the IMF, a staff delegation visited Ghana in July for preliminary talks.
Ghana is requesting $3 billion from the fund.
Gerry Rice, the International Monetary Fund's Director of Communications, recently stated during a media event:
“Ghana has, as you probably know, requested a program from the IMF. We had an IMF staff team in Accra in July [2022] to begin initial discussions with the Ghanaian authorities. And we characterized that mission as constructive, kickstarted the process, and laid the groundwork for engagement, which now continues.”
“Our Mission Chief for the IMF also recently visited Accra, again, to meet with key counterparts. And we’re hopeful of another visit in the coming weeks. I don’t have a date for you, but [it will surely be] in the coming weeks,” added.
Kristalina Georgieva, the IMF's Managing Director, stated earlier this month that an agreement between Ghana and the IMF should be negotiated and finalized by the end of the year.
Ghana has approached the IMF for assistance in navigating the country's economic crisis, which has been exacerbated by the coronavirus outbreak and the ongoing conflict between Russia and Ukraine.