Saturday, 27 April

Governor Addison sees off IMF MD after fruitful 2-day visit to Ghana

Business
IMF boss - Kristalina Georgieva and Dr Addison

The IMF Managing Director, Kristalina Georgieva departed Accra on Monday, 18th March 2024, after a fruitful two-day visit to Ghana.

She was seen off by the Governor of Bank of Ghana, Dr. Ernest Addison, the First and Second Deputy Governors of the Bank as well as the IMF Resident Representative in Ghana.

While in the country Ms Georgieva met with President Akufo-Addo and gave Ghana’s economic recovery a thumbs up.

At a meeting with President Nana Akufo-Addo, she praised: “Your growth is better than expected, your inflation is lower than expected, the progress in debt restructuring has been faster than expected and now the task is to cement what has been achieved and do it with the unity of this country”.

She added: “It is the year to bring confidence in Ghana domestically and internationally at the level it was before”.

“It is possible because we are seeing a world slightly better, so the economic attributes are better, and the critical resource of money will go where confidence in the capacity to perform is highest”, the IMF boss explained.

“So, Ghana can be in this place, as it was before. We need to stay the course, Ghana has achieved in a short time of the programme – good indicators”, Ms Georgieva noted.

For his part, President Akufo-Addo said the IMF programme has yielded dividends.

“The dire circumstances in which we were at the time that we took that very difficult decision and where we are today is a very clear testimony that our decision to seek your support is a decision that was correct, and we have had some benefits from it”, he said.

 

Source: Classfmonline.com/Emmanuel Mensah