Reporting on talks held during the World Bank/International Monetary Fund annual meetings, Ghana’s finance ministry said that a clear path toward the final details of a programme has been agreed upon by both parties, with a goal of reaching a staff-level agreement by the end of the year.
The ministry added that a pathway towards fiscal sustainability has also been “extensively discussed” and that negotiations will continue with the IMF mission team, which is expected back in Ghana in the “next few weeks.” Securing an IMF deal remains critical for Ghana to address its deteriorating macroeconomic conditions, where the cedi has repeatedly plunged to record lows this year.
