Ghana heads to IMF for economic bailout

The government of Ghana heads to International Monetary Fund (IMP) for economic bailout.

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has authorized Finance Minister Ken Ofori-Atta to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic program put together by the Government of Ghana.

This follows a telephone conversation between the President and the IMF Managing Director, Miss Kristalina Georgieva, conveying Ghana’s decision to engage with the Fund.


The Informed Ministry said, after meeting on June 30th, 2022, cabinet indicated its support for the decision.

In a statement issued by the Information Minister Kojo Oppong Nkkumah (MP), the engagement with the IMF will seek to provide balance of payment support as part of a broader effort to quicken Ghana’s build back in the face of challenges induced by the Covid-19 pandemic and, recently, the Russia-Ukraine crises.



Leave a Reply