Secure financing assurances from creditors before Board approval – IMF to Ghana

The International Monetary Fund (IMF) has asked Ghana’s government to secure financing assurances from its partners and creditors before a request for a bailout is presented to the Executive Board for approval.

Responding to a question at a news conference in Washington DC, on the status of Ghana’s application before the Bretton Woods Institution, the communications director of the IMF Julie Kozack said the IMF is engaging the Ghanaian Authorities on the bailout request but at the same time seeking assurances from Ghana’s partners.

“Financing assurances from partners and creditors are necessary for presenting the programme request to the IMF’s Executive Board for approval”.

A tweet on the official Twitter page of the Finance Minister on Friday noted that Ghana was looking forward to securing external assurances very soon.

Looking forward to securing external assurances very soon, even as we pass our outstanding domestic revenue bills back home

A tweet on the official Twitter page of the Finance Minister on Friday noted that Ghana was looking forward to securing external assurances very soon.

Looking forward to securing external assurances very soon, even as we pass our outstanding domestic revenue bills back home