Akufo-Addo calls IMF boss for bailout

President Akufo-Addo
President Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has called the International Monetary Fund (IMF) boss Kristalina Georgieva for a bailout to support Ghana’s ailing economy.

The Information Minister Kojo Oppong Nkrumah in a statement on Friday (1 July) said President Nana Akufo-Addo has authorised Finance Minister Ken Ofori-Atta to commence formal engagements with the fund.

“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 statement said.

“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,” the statement added.

Ghana last went to the IMF in 2015 under a three-year arrangement resulting in a US$918 million support.

Source: Daily Mail GH

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