Ghana’s Economic Recovery Programme (ERP) will be assessed by a mission staff from the International Monetary Fund (IMF) who will arrive in the country today, Wednesday, June 7.
The visit is the first of its kind since Ghana received a $3 billion loan from the IMF on May 17, 2023. The loan was meant to help Ghana overcome its economic challenges and restore fiscal stability.
The IMF staff will not conduct a formal review of Ghana’s programme, but rather monitor its progress and consult with various actors involved in its implementation, according to a source who spoke to Joy Business.
The IMF staff will also check whether Ghana has met its targets for the end of June 2023. The visit is expected to last until June 16, 2023.