{"id":231511,"date":"2022-07-17T12:46:13","date_gmt":"2022-07-17T10:46:13","guid":{"rendered":"https:\/\/www.africa-newsroom.com\/press\/end-of-working-visit-by-the-international-monetary-fund-imf?lang=en"},"modified":"2022-07-17T12:46:13","modified_gmt":"2022-07-17T10:46:13","slug":"end-of-working-visit-by-the-international-monetary-fund-imf","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/end-of-working-visit-by-the-international-monetary-fund-imf\/","title":{"rendered":"End of Working Visit by the International Monetary Fund (IMF)"},"content":{"rendered":"<p><a href=\"https:\/\/www.africa-newsroom.com\/files\/large\/c3ace47e0cff4b5\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/files\/large\/c3ace47e0cff4b5\" alt=\"Ministry of Finance - Republic of Ghana\" style=\"max-width:500px\" \/><\/a><br \/><a href=\"https:\/\/www.africa-newsroom.com\/files\/download\/c3ace47e0cff4b5\">Download logo<\/a><br \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/africarc\/loganalytics?press_id=208509&amp;press_source=Ministry of Finance - Republic of Ghana\" width=\"1\" height=\"1\" \/><\/p>\n<p>A delegation from the International Monetary Fund (IMF or the Fund), on&nbsp;Wednesday 13th July, 2022,&nbsp;concluded a one-week working visit to Accra. During the visit, the IMF delegation held high level meetings with stakeholders and discussed possible support for Ghana&rsquo;s domestic economic recovery programme.<\/p>\n<\/p>\n<p>The Ministry of Finance wishes to thank the Mission Team for their visit, as well as a constructive engagement.<\/p>\n<p>The Ministry also takes note of the end-of-mission press release issued by the Fund on 13th July, 2022, which among other things states:<\/p>\n<ul>\n<li><em>Ghana is facing a challenging economic and social situation amid an increasingly difficult global environment. The fiscal and debt situation has severely worsened following the Covid-19 pandemic. At the same time, investors&rsquo; concerns have triggered credit rating downgrades, capital outflows, loss of external market access, and rising domestic borrowing costs.<\/em><br \/> &nbsp;<\/li>\n<li><em>In addition, the global economic shock caused by the war in Ukraine is hitting Ghana at a time when the country is still recovering from the Covid-19 pandemic shock and with limited room for manoeuver.<\/em><br \/> &nbsp;<\/li>\n<li><em>These adverse developments have contributed to slowing economic growth, accumulation of unpaid bills, a large exchange rate depreciation, and a surge in inflation.<\/em><br \/> &nbsp;<\/li>\n<li><em>The IMF team held initial discussions&hellip;focused on improving fiscal balances in a sustainable way while protecting the vulnerable and poor; ensuring credibility of the monetary policy and exchange rate regimes; preserving financial sector stability; and designing reforms to enhance growth, create jobs, and strengthen governance.<\/em><\/li>\n<\/ul>\n<p>The Government of Ghana will continue to work closely with the IMF in the coming weeks to complete our enhanced economic programme, in support of a robust economic recovery.<\/p>\n<p>In the meantime, Government reiterates its commitment to the various fiscal policy measures, geared towards mitigating the impact of current global economic headwinds on the economy and Ghanaians.<\/p>\n<p>The Ministry of Finance further assures Ghanaians of the Government&rsquo;s steadfast commitment to a speedy economic recovery, towards achieving a Ghana Beyond Aid.<\/p>\n<p><i>Distributed by APO Group on behalf of Ministry of Finance &#8211; Republic of Ghana.<\/i><\/p>\n<\/div>\n<p> <a href=\"https:\/\/www.africa-newsroom.com\/\">Source: Africa Newsroom &#8211; APO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download logo A delegation from the International Monetary Fund (IMF or the Fund), on&nbsp;Wednesday 13th July, 2022,&nbsp;concluded a one-week working visit to Accra. During the visit, the IMF delegation held high level meetings with stakeholders and discussed possible support for Ghana&rsquo;s domestic economic recovery programme. The Ministry of Finance wishes to thank the Mission Team [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":231512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[4585],"class_list":{"0":"post-231511","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa-news-2","8":"tag-apo","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/07\/end-of-working-visit-by-the-international-monetary-fund-imf.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/231511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=231511"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/231511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/231512"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=231511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=231511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=231511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}