Finance Ministry, BoG begin debt sustainability analysis with IMF - www.asempanews.com

The Ministry of Finance has confirmed that its officials and that of the Bank of Ghana have commenced a comprehensive debt sustainability analysis with the International Monetary Fund (IMF) for a $3 billion support programme.

A statement from the ministry said: “the Government of Ghana is putting together a comprehensive post-Covid-19 economic programme which will form the basis for the IMF negotiations.”

“The programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability, underpinned by key structural reforms and social protection.”

The ministry added that it is “optimistic about making progress in our discussions.”

An IMF team is in Ghana until October 7 to continue discussions with the government on policies and reforms that could be supported by a lending arrangement.

 indicate that major local investors, including local banks and pension funds, are preparing to engage in discussion on debt reorganisation.