On Tuesday, December 13, the International Monetary Fund (IMF) announced a staff-level agreement with the government of Ghana for a $3-billion extended credit facility (ECF).
The agreement is set to be tabled before the Management and Executive Board of the Fund for approval.
At a joint press conference on Tuesday, IMF’s Mission Chief for Ghana Stephane Roudet indicated that the Fund will need “sufficient” assurances from Ghana and her partners before the Board approves the request.
IMF demands ‘sufficient’ assurances on debt restructuring before Board approves $3bn deal
On his part, Minister of Finance Ken Ofori-Atta assured that measures are already being put in place to commit to the programme.
He said already the economy is responding positively to the news of the staff-level agreement.
Economy already responding positively to IMF news – Ofori-Atta
He further assured the people of Ghana that some four social protection programmes will be prioritised under the facility.
These are the Livelihood Empowerment Against Poverty (LEAP), the National Health Insurance Scheme (NHIS), Capitation Grant and the Ghana School Feeding Programme.
Source: 3News.com