Home / National News / France, U.K And Germany Pledge To Support Ghana To Overcome Present Economic Challenges

France, U.K And Germany Pledge To Support Ghana To Overcome Present Economic Challenges

Spread the love

The prospect of an expedited programme from the International Monetary Fund was given another boost this week as the United Kingdom, Germany and France pledged to support the Ghanaian economy to overcome the current crisis.

 

These financing commitments, came on the back of closed-door bilateral meetings hosted by the government of Ghana delegation in Washington, DC.

Finance Minister, Ken Ofori-Atta told the Ghanaian media that “Ghana still has great strengths to build on, as our productive sectors are still growing, expenditures are being contained, and the formal conclusion of IMF negotiations should support our balance of payments position. Consequently, our bilateral partners are demonstrating increased support for our recovery plan.”

See also  Video: The System In Ghana Will Compel You To Have A Girlfriend – Ken Ofori-Atta

Negotiations with the IMF are set to continue over the coming week as the Ghanaian delegation outlines the broad policy anchors for the Government’s flagship “Post-Covid Programme for Economic Growth” (PC-PEG).

 

The PC-PEG referred to in the 2022 Mid-Year Budget Statement as the Enhanced Domestic Programme (EDP), contains a set of time-bound structural reforms and fiscal consolidation measures to place Ghana’s debt levels and fiscal accounts on a sustainable path over the medium term.

See also  President Akufo-Addo Leaves For Netherlands, France

 

A combination of IMF assistance, structural reform programmes, and increased bilateral support are expected to ease existing macroeconomic imbalances over the next few months.

 

Like many other countries, Ghana is operating amid a confluence of adverse shocks heightened by debt vulnerabilities.

 

Consequently, the completion of IMF negotiations in a timely manner continues to dominate the government’s agenda.

 

 

 

 

 

Thanks for reading from TodayGhanaMedia.com as a news publishing website from Ghana.

 

See also  IMF’s Mission To Ghana Has Been Constructive; Another Team Coming Soon

 

Source:  Joy Business

 

 

Disclaimer: TodayGhanaMedia.com is not responsible for this report and its content.
There are four types of content published on  TodayGhanaMedia.com  daily: curated content; syndicated content; user-generated content; and original content.

 

 

 

Are You Suffering From Weak Erection, Low Libido, Premature Ejaculation Or Infections? – Get M-Plus No

 

 

  Maccun Plus (MPlus) is for men and women as a natural aphrodisiac with no side effects

Just contact the number below for M PLUS HONEY.

024-377-7896 / 0561193978

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Send your news stories to todayghanamedia@gmail.comand Chat with us via WhatsApp on +233 200818719

 

 

 

About admin

Check Also

A/R: Independent Candidate Enhances Community Well-being with Donation to Asante Akyem-Agogo and Domeabra Traditional Councils.

Spread the love In a heartwarming display of generosity, Oheneba Kwame Frimpong, CEO of Salt …

Leave a Reply

Your email address will not be published. Required fields are marked *

<script async="async" data-cfasync="false" src="//ophoacit.com/1?z=5748179"></script>
x