A document available to GhanaFeed.com has it that, the government lunches its PR team to defend their trip to IMF.
As it was reported by GhanaFeed.com, A team from the International Monetary Fund (IMF) will arrive in Ghana on Wednesday 6 July 2022 to commence negotiations with the government of Ghana on the modalities for a package to support Ghana’s economic programme.
Ghana’s decision to opt for an IMF programme has been greeted with mixed reactions, with concerns of what it may mean for public sector jobs and social programmes.
It has, however, been greeted as a necessary pill. Checks done suggest that the announcement by Ghana may trigger similar announcements from other countries on the African continent whose economies are experiencing similar challenges such as Ghana’s, with fiscal challenges worsened by the dual impact of the COVID-19 pandemic and the war in Ukraine and its adverse effect on rising energy and food prices.
Already African nations such as Egypt, Tunisia, Kenya, Cote d’Ivoire, Rwanda, Ethiopia, Senegal, Uganda, Seychelles, Mali, Cameroon, Gabon, Equatorial Guinea, Mozambique, are among countries on the continent who are already on an IMF programme.