The earliest Ghana could get an IMF bargain is first quarter of 2023 - Sources
JoyNews is discovering that the earliest the International Monetary Fund can take a choice on whether to give Ghana an arrangement will be in the principal quarter of 2023.
This is as indicated by sources near the Fund.
The disclosure follows a crunch meeting between IMF authorities and Parliament's Finance Committee on Tuesday twelfth July, 2022.
A source inside the Finance Committee who was conscious of discussion with the IMF told JoyNews' Parliamentary Correspondent, Kwaku Asante, that the Fund is truly worried about the country's obligation position and will embrace an obligation manageability investigation prior to settling on an arrangement with government.
The Minority side of the Committee had raised issues over government's obligation and entrusted the IMF to guarantee an arrangement that wouldn't deteriorate the country's obligation position.
It likewise arose at this shut entryway meeting that the earliest government can expect to get it with the IMF is toward the finish of the primary quarter of 2023 in spite of the tricky economy circumstance which needs prompt help.
The IMF group likewise raised issues about the country's global saves and entrusted the two sides of the political gap to track down means to support.
The IMF group in Ghana is supposed to wrap chats with different sections of the political class one week from now, after which Finance Minister Ken Ofori-Atta will present to Parliament the 2022 Mid-Year Budget survey.
The authorities from IMF originally held converses with Vice President Dr. Mahamudu Bawumia prior to going to Parliament to meet with individuals from the Finance Committee.
On July 1, 2022, government declared that it was looking for a bailout with the IMF following quite a while of the cedi's fast drop and climbs in fuel costs.
This was regardless of demand by Finance Minister Ken Ofori-Atta and President Akufo-Addo that Ghana won't get back to the IMF.