{ "title": "IMF Staff Concludes Visit to Ghana", "publication": "IMF News, June 15, 2023", "sourceUrl": "https://www.imf.org/en/news/articles/2023/06/15/pr23214-ghana-imf-staff-concludes-visit", "canonical": "https://www.imf.org/en/news/articles/2023/06/15/pr23214-ghana-imf-staff-concludes-visit", "overlayPath": "/en/news/articles/2023/06/15/pr23214-ghana-imf-staff-concludes-visit/index.md", "summary": "The discussions focused on recent economic developments and implementation of the Fund-supported program approved on May 17, 2023.", "publishDate": "2023-06-15", "sections": [ { "heading": "Mission overview", "content": "- Press Release No. 23/214\n- Date: June 15, 2023\n- IMF staff team led by Stéphane Roudet visited Ghana during June 8-15.\n- The visit was part of the IMF’s regular engagement with the Ghanaian authorities and other stakeholders.\n- The mission will not result in a Board discussion.\n- The views expressed are those of IMF staff and do not necessarily represent the views of the IMF’s Executive Board." }, { "heading": "Key findings from the mission", "content": "- The discussions focused on recent economic developments and implementation of the Fund-supported program approved on May 17, 2023.\n- The Ghanaian economy is showing signs of stabilization, with:\n - softening inflation,\n - an increase in international reserves,\n - a less volatile exchange rate.\n- Progress on key commitments under the Fund-supported program was reviewed; these commitments will be formally assessed in the context of the first review of the Extended Credit Facility arrangement.\n- The first review of the Extended Credit Facility arrangement is expected to be undertaken in the Autumn.\n- On debt restructuring operations, IMF staff reiterated that timely restructuring agreements with creditors are essential to secure the expected benefits of the Fund-supported program." }, { "heading": "Program and financing", "content": "- IMF Executive Board approved a US$3 Billion Extended Credit Facility Arrangement for Ghana on May 17, 2023." }, { "heading": "Engagements and stakeholders met", "content": "- IMF staff held meetings with:\n - H.E. President Akufo Addo,\n - H.E. Vice President Bawumia,\n - Finance Minister Ofori-Atta,\n - Bank of Ghana Governor Addison,\n - their teams,\n - representatives from various government agencies,\n - the Parliament’s Finance Committee,\n - the private sector,\n - civil society.\n- IMF staff expressed gratitude to the Ghanaian authorities and other stakeholders for their constructive engagement and support during the mission." }, { "heading": "Contact and media", "content": "- IMF Communications Department — MEDIA RELATIONS\n- PRESS OFFICER:\n - Phone: +1 202 623-7100\n - Email: MEDIA@IMF.org\n - Twitter: @IMFSpokesperson\n\nSource: IMF Staff Concludes Visit to Ghana (Press Release No. 23/214), June 15, 2023.\n\n---\n\n\n References\n\n- Ghana and the IMF\n- Press Releases\n- PRESS CENTER\n- Fund-supported program\n- IMF Executive Board Approves US$3 Billion Extended Credit Facility\nArrangement for Ghana\n- https://IMF.org/Ghana/qandas\n- https://IMF.org/Ghana\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2023/06/15/pr23214-ghana-imf-staff-concludes-visit" } ], "bullets": [ "[Markdown version](/en/news/articles/2023/06/15/pr23214-ghana-imf-staff-concludes-visit/index.md)", "[Structured JSON version](/en/news/articles/2023/06/15/pr23214-ghana-imf-staff-concludes-visit/index.json)", "[Bundle manifest](/en/news/articles/2023/06/15/pr23214-ghana-imf-staff-concludes-visit/bundle-manifest.json)", "Published: June 15, 2023", "Press Release No. 23/214", "Date: June 15, 2023", "IMF staff team led by Stéphane Roudet visited Ghana during June 8-15.", "The visit was part of the IMF’s regular engagement with the Ghanaian authorities and other stakeholders.", "The mission will not result in a Board discussion.", "The views expressed are those of IMF staff and do not necessarily represent the views of the IMF’s Executive Board.", "The discussions focused on recent economic developments and implementation of the Fund-supported program approved on May 17, 2023.", "The Ghanaian economy is showing signs of stabilization, with:", "Progress on key commitments under the Fund-supported program was reviewed; these commitments will be formally assessed in the context of the first review of the Extended Credit Facility arrangement.", "The first review of the Extended Credit Facility arrangement is expected to be undertaken in the Autumn.", "On debt restructuring operations, IMF staff reiterated that timely restructuring agreements with creditors are essential to secure the expected benefits of the Fund-supported program.", "IMF Executive Board approved a US$3 Billion Extended Credit Facility Arrangement for Ghana on May 17, 2023.", "IMF staff held meetings with:", "IMF staff expressed gratitude to the Ghanaian authorities and other stakeholders for their constructive engagement and support during the mission.", "IMF Communications Department — MEDIA RELATIONS", "PRESS OFFICER:", "[Ghana and the IMF](http://www.imf.org/external/country/GHA/index.htm)", "[Press Releases](https://www.imf.org/en/news/searchnews)", "[PRESS CENTER](http://presscenter.imf.org/)", "[Fund-supported program](https://www.imf.org/en/Publications/CR/Issues/2023/05/17/Ghana-Request-for-an-Arrangement-Under-the-Extended-Credit-Facility-Press-Release-Staff-533541)", "[IMF Executive Board Approves US$3 Billion Extended Credit Facility", "[https://IMF.org/Ghana/qandas](https://imf.org/Ghana/qandas)", "[https://IMF.org/Ghana](https://imf.org/Ghana)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "alternates": { "markdown": "/en/news/articles/2023/06/15/pr23214-ghana-imf-staff-concludes-visit/index.md", "json": "/en/news/articles/2023/06/15/pr23214-ghana-imf-staff-concludes-visit/index.json", "bundleManifest": "/en/news/articles/2023/06/15/pr23214-ghana-imf-staff-concludes-visit/bundle-manifest.json" }, "generatedAtUtc": "2026-09-26T02:10:37.897Z" }