BREAKING: Akufo-Addo Orders Ofori-Atta To Engage IMF

News gathered by Enewsghana.com indicates that President Nana Akufo-Addo has implored the Finance Minister, Ken Ofori-Atta to start an official involvement with the International Monetary Fund (IMF).

In a press release signed by Kojo Oppong Nkrumah, the Information Minister available to this portal, dated on July 1, 2022, stated that there had already been a conversation between the IMF boss, Kristalina Georgieva and President Akufo-Addo, conveying the government’s decision to engage the Fund.

“The President of the Republic, Nana Addo-Dankwa Akufo-Addo, has authorized Finance Minister, Ken Ofori-Atta, to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic programme put together by the Government of Ghana”.

“This follows a telephone conversation between the President and the IMF Managing Director, Krisalina Georgivia, conveying Ghana’s decision to engage the Fund.”

At a meeting on June 30th, 2022, the Cabinet supported the government’s decision to pursue an economic programme from the Fund.

The engagement with the IMF, the statement, pointed out will seek to provide a balance of payment support as part of a broader effort to quicken Ghana’s build back in the face of challenges induced by the COVID-19 pandemic and, recently, the Russian-Ukraine crisis.

Read the full statement below;