The primary round of discussions will initiate on Wednesday, July 06, 2022.
While certain examiners have upheld the move, saying it would assist with returning the economy on target and lift financial backer certainty, others have gone against the Government's choice, expecting that the Fund could force some restriction that could demolish the situation of the standard Ghanaian.
Dr Kumah said the Government had consistently taken choices, which safeguarded Ghanaians and guaranteed that it would keep on doing as such "regardless of whether it clashes with our philosophical position."
He said when the New Patriotic Party (NPP) expected office in 2017, the Government sought after arrangements and projects that assisted with tending to the difficulties in the economy, including rebuilding of maceoeconomic solidness, prompting the effective culmination of the 2015 IMF Program in 2019.
"The Government made critical increases by reestablishing obligation maintainability with a powerful obligation the executives system, instituted and accomplished a monetary shortage rule of five percent or beneath, posted a yearly sure essential equilibrium, and kept zero national bank supporting.
"Inside the setting of these gigantic increases, Government has forever been sure about its capacities to wilt the ongoing monetary difficulties fundamentally brought about by outside headwinds-COVID-19 and as of late the intrusion of Ukraine by Russia," he said.
Ghana is going for an IMF program for the second time in seven years after the Government in 2015 went to the Institution to rescue the economy from difficulty.
The country's economy became by 3.3 percent in the main quarter of 2022 contrasted with a similar period in 2021, and expansion flooded to a record of 27.6 percent in May.
In March this year, the Government reported a heap of measures, including cutting fuel distribution coupons for all administration deputies by 50% to assist with reestablishing the country's economy to pre-COVID-19 period.
Be that as it may, the actions seem not to have accomplished the ideal outcomes directly following high obligation trouble and a devaluing cash, the cedi.
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