Ghana’s finance ministry has formed a five-member committee with the Bank of Ghana to lead discussions with the financial services industry concerning the involvement of an International Monetary Fund (IMF) program.
The goal of the committee is to ensure orderliness and confidence in the government’s ongoing negotiations with the IMF, which will afterwards stipulate the so-called economic reforms to give corporations more authority on governing the West African country.
A trader walks past a barricaded street before the arrival of Britain’s Prince Charles and Camilla, Duchess of Cornwall, to visit the Jamestown Cafe in old British Accra, Ghana November 3, 2018.
A similar engagement will be undertaken with external bondholders. An IMF team visited Ghana last week for talks about a potential loan program after the West African country requested support.
The IMF said discussions were constructive but that more work was needed on a debt-sustainability analysis.
Reuters / ABC Flash Point Africa News 2022.