Officials from the International Monetary Fund (IMF) are expected back in Ghana in November to begin the third round of talks for a bailout programme.
On October 9, the team leading Ghana’s negotiations with the IMF traveled to Washington in the United States to begin the second round of negotiations over an economic bailout programme.
[contextly_sidebar id=”wYwFVCl8fgpfkYWlaYzoK8PyHgIyCX7V”]A statement issued by the IMF Mission Chief for Ghana, Mr. Joel Toujas-Bernate, announced that it has so far had “productive dialogue and made further progress on identifying economic and policy reforms that could form the basis of a possible Fund-supported program.”
Toujas-Bernate also mentioned that his outfit is working in close collaboration with other multilateral partners, including the World Bank and the African Development Bank.
“Discussions will continue in the coming weeks and an IMF mission is expected to visit Accra in November,” he added.
The second round of discussions was held from October 14-16 with the Ghanaian delegation led by Kwesi Botchwey.
The other members of the delegation included Finance Minister, Seth Terkper, Minister of Employment and Labor Relations, Haruna Iddrisu, and Bank of Ghana Governor, Dr. Kofi Wampah.
Prior to that, IMF officials were in Ghana to begin talks and met with the President and other key government officials.
The three-year bailout programme is expected to commence in January 2015 and the President, John Mahama has assured citizens that this will be the last time the nation will seek a bailout from the IMF.
By: Efua Idan Osam/citifmonline.com/Ghana
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