The International Monetary Fund is set to deploy another mission to Ghana in the coming weeks because the country races against time to tie down a bailout programme.

In July, a employees mission visited Ghana for initial discussions after the Akufo-Addo administration introduced its intentions to head again to the IMF for a bailout.

Ghana is searching for a $3 billion package deal from the fund.

Gerry Rice, the Director of Communications for the International Monetary Fund, at a media engagement just lately said:

“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.

Earlier this month, the Managing Director of the IMF, Kristalina Georgieva, noted {that a} deal between Ghana and the IMF must be reached and finalised before the top of the year.

Ghana is before the IMF to help the country navigate the financial disaster it finds itself in, which was worsened by the coronavirus pandemic and the continued battle between Russia and Ukraine.


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