Finance Minister, Ken Ofori-Atta, says Ghana should expect an International Monetary Fund (IMF) Board approval for a programme by the close of May 2023.<\/p>\n\n\n\n
According to him, Ghana has made significant progress, hence the need for it to get approval as soon as possible.<\/p>\n\n\n\n
Addressing Eurobond holders at an Investors Presentation Forum by the Republic of Ghana, Mr. Ofori-Atta called on external creditors to support Ghana\u2019s quest in securing the programme.<\/p>\n\n\n\n
\u201cWe do at this time expect an IMF board approval in May [2023] and contemplate a rapid negotiation of a Memorandum of Understanding (MoU) with our creditors. We have made significant efforts on all fronts. We hope we could reach an agreement in principle with you our Eurobond holders quickly\u201d.<\/p>\n\n\n\n
\u201cWe understand this is a challenging time for all of you to commit and offer a financial support to all of you. But please be assured we are fully committed with you and your advisors to ensure an equitable solution,\u201d he said.<\/p>\n\n\n\n
Mr. Ofori-Atta said access to the international capital market is key on the agenda of government to restore macroeconomic stability.<\/p>\n\n\n\n
He maintained that government is committed to fair debt treatment with its commercial creditors.<\/p>\n\n\n\n
\u201cGovernment intends to deepen the relationship with its external creditors. We reaffirm our commitment to work with our private and commercial creditors in all of our engagements,\u201d he added<\/p>\n\n\n\n
Mr Ofori-Atta and the Governor of the Bank of Ghana, Dr. Ernest Addison, are leading a high-level Ghana delegation to the World Bank and IMF Spring Meetings, ongoing in Washington D.C.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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