Finance Minister, Ken Ofori Atta has led a delegation to Washington D.C to make a final push for the IMF board to approve a US$3 billion bailout for the country.
This comes after the delay in the approval of the prolonged Domestic Debt Exchange Programme (DDEP) which saw some GHC12 billion debt restructured.
The government had stated that the deal would be finalised in March, which did not take place as it was supposed to.
The delegation, which consists of the Governor of Bank of Ghana, Dr. Ernest Addison along with some members of the economic management team are attending the IMF/ World Bank Spring Meetings which is taking place from 10th April to 16th April 2023 in Washington D.C.
Their attendance at the meetings is geared at taking all the necessary steps to secure the deal for the country.
The delegation is also set to meet with bilateral, multilateral and commercial creditors to hold discussions of economic concerns to the country.
BACKGROUND
In December 2022, the government reached a staff-level agreement with the IMF as part of processes leading to a bailout.
The agreement was aimed at restoring macroeconomic stability and debt ssustainability in the country while laying the foundation for stronger and more inclusive growth.
The government had announced that the deal would be finalised early this year.
