{"id":48091,"date":"2014-09-16T11:45:34","date_gmt":"2014-09-16T11:45:34","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=48091"},"modified":"2014-09-16T11:50:02","modified_gmt":"2014-09-16T11:50:02","slug":"first-imf-ghana-bailout-talks-to-last-10-days","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/09\/first-imf-ghana-bailout-talks-to-last-10-days\/","title":{"rendered":"First IMF, Ghana bailout talks to last 10 days"},"content":{"rendered":"
The International Monetary Fund (IMF) has said that the first round of discussions on a possible IMF-supported programme for Ghana will last for ten days. The discussions will begin on Tuesday September 16 and end on September 25, 2014.<\/p>\n
The IMF team, led by Jo\u00ebl-Toujas-Bernat\u00e9 begun talks with the Ghana team which is led by former Finance Minister and chairman of the National Development Planning Commission (NDPC), Kwesi Botchwey.<\/p>\n
The team will be supported by the current Finance Minister Seth Terkpeh.<\/p>\n
According to a statement from the IMF released today, \u201cdiscussions will continue during the coming weeks, including at the Annual Meetings of the World Bank and IMF in Washington DC in October.\u201d<\/p>\n
<\/a><\/p>\n Apart from meeting government officials, the IMF team will also meet players in the private sector, and the donor community during the discussion period.<\/p>\n On August 8, IMF Management received a formal request from the Ghanaian authorities<\/strong> <\/span><\/a>to initiate discussions on an IMF-supported program.<\/p>\n President Mahama has said that the purpose of pursuing an IMF deal was not simply to dig the country out of a short term fiscal hole<\/strong> <\/span><\/a>and the government does not primarily want cash from the IMF.<\/p>\n