Measures

Nevertheless, Mr Ofori-Atta said the government remained undeterred and was implementing measures to navigate the storm and restore the country economic fortunes. 

The minister outlined a series of comprehensive measures and strategies, designed to stimulate economic growth, attract investments, and create job opportunities. 

The money serve underlined the public authority's emphasis on improving key areas like agribusiness, assembling, and foundation improvement, while additionally focusing on the significance of economical practices.

"We are focusing on supporting farming efficiency, advancing neighborhood enterprises, and putting resources into basic foundation projects," Mr Ofori-Atta said.

Through those actions, he added, “we will establish a conducive environment for businesses to thrive, generate employment opportunities, and drive economic growth." 

The finance minister further underscored the government's commitment to fiscal discipline and prudent financial management

"We will keep up with capable monetary approaches, further develop income age, and focus on the effective designation of assets. These actions will guarantee that our monetary restoration endeavors are supportable over the long haul," he said

Mr Ofori-Atta featured the meaning of quick activity and underscored the essential job a renewed economy played in the prosperity of individuals.

"We comprehend the difficulties our residents are confronting, and we feel for their interests. To that end we are investigating every possibility in our endeavors to speed up the recuperation cycle," the money serve said.

Participation

Addressing public-private participation, Mr Ofori-Atta focused on the significance of cooperation among the public authority, confidential area, and residents in accomplishing the ideal financial results.

Mr Ofori-Atta likewise called upon organizations, financial backers, and the whole Ghanaian people to hold hands with the public authority as it left on a groundbreaking excursion.

President

During the engagement with the South African leader, the two discussed areas of cooperation towards strengthening existing ties and building a healthy interchange for businesses in Ghana and South Africa. 

President Ramaphosa congratulated Ghana on obtaining an IMF deal in record time. 

He expressed the confidence that the government and the private sector collaboration would lead to a rapid resolution of the energy challenges currently being experienced in that country.

For his part, Mr Ofori-Atta expressed optimism that such economic cooperation would have a meaningful and mutually beneficial impact on citizens of both countries. 

Background

Ghana secured a deal with the IMF on May 17, this year, backed by Extended Credit Facility of $3 billion over three years.

The programme is for restoring macroeconomic stability, ensuring debt sustainability, and laying the foundations for higher and more inclusive growth.

The government requested IMF financial support in early July 2022. The IMF team and the Ghanaian officials engaged in expeditious discussions on a set of policies and reforms that could be supported by an IMF arrangement. 

The two sides reached an IMF staff level agreement in December last year on the policies and reforms and on the path towards approval of the programme by the IMF Executive Board. 

Since the approval, the first disbursement, equivalent to $600 million, has hit Ghana’s coffers.