IMF staff visits Ghana to evaluate ERP progress

Ghana signs MoU with IMF for 3 billion loan repayment

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.

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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.

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