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.<\/p>\n
On October 9, the team leading Ghana\u2019s negotiations with the IMF traveled to Washington in the United States to begin the second round of negotiations<\/strong> <\/span><\/a>over an economic bailout programme.<\/p>\n [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 \u201cproductive dialogue and made further progress on identifying economic and policy reforms that could form the basis of a possible Fund-supported program.\u201d<\/p>\n 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.<\/p>\n \u201cDiscussions will continue in the coming weeks and an IMF mission is expected to visit Accra in November,\u201d he added.<\/p>\n The second round of discussions was held from October 14-16 with the Ghanaian delegation led by Kwesi\u00a0Botchwey.<\/p>\n 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.<\/p>\n Prior to that, IMF officials were in Ghana to\u00a0begin talks and met with the President and other key government officials<\/strong><\/span><\/a><\/span>.<\/p>\n The three-year bailout programme is expected to\u00a0commence in January 2015<\/strong><\/span><\/a><\/span>\u00a0and the President, John Mahama has assured citizens that this will be the\u00a0last time<\/strong><\/span><\/a><\/span>\u00a0the nation will seek a bailout from the IMF.<\/p>\n <\/p>\n By: Efua Idan Osam\/citifmonline.com\/Ghana
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