A group from the International Monetary Fund (IMF) is set to show up in Ghana today, Tuesday, July 5 in front of a conversation with legislature of Ghana on a bailout demand made to the asset.
Discussions will start on Wednesday, July 6, 2022.
President Nana Akufo-Addo on Friday, July 1, 2022, coordinated the Finance Minister, Ken Ofori-Atta, to begin commitment with the Bretton Woods establishment on a potential financial rescue.
The Ministry of Information, in an explanation declaring the President's mandate, said the Minister for Finance, Ken Ofori-Atta will be driving the dealings with the IMF.
The news has been gotten with blended sentiments. The Government of President Akufo-Addo at first denounced the IMF on a few stages, promising never to look for any type of help from the asset.
An assertion from the Ministry of Finance noticed that: "a designation from the Fund is booked to show up in Accra on Tuesday fifth July 2022, to start face to face gatherings with the Government of Ghana on Wednesday sixth July 2022."
"The Ministry further makes a move to guarantee Ghanaians of the Government's obligation to effectively arrange a program with the IMF before long, on the side of Ghana's financial recuperation," the assertion gave by the Public Relations unit of the Finance Ministry added.
Trade guilds including TUC have attacked the public authority for its choice to look for help from the asset.
They said government turning to the IMF implies the economy will probably reel under a few limitations and controls to be forced by the asset.
Common society associations likewise communicated their dismay at the public authority's solicitation for a rescue from the IMF. They substantiated the worries of TUC saying the monetary difficulty being persevered by individuals of government will deteriorate with IMF limitations.
In the mean time, the IMF's online entertainment stages have been immersed with remarks from Ghanaian netizens advance notice the asset against rescuing the Ghanaian government except if enough financial disciplinary measures are set up.
The IMF group will comprise of senior authorities from the Fund as well as nearby staff based here in Ghana.
Examiners propose that it would require no less than 90 days for a program to be settled upon between the gatherings.
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