IMF Executive Board meets on Ghana’s ECF arrangement request

IMF capital support

The Executive Board of the International Monetary Fund (IMF) is convening today to discuss Ghana’s request for an Extended Credit Facility Arrangement. In a statement, the IMF announced that it will hold a virtual press conference on Thursday, May 18, at 10:30 am Washington D.C. time (2:30 pm in Ghana) to provide updates on the outcomes of the board meeting. The press conference will be conducted via Zoom.

The IMF has also confirmed that a press release detailing the outcomes of the Executive Board meeting, as well as other relevant documents like the staff report, will be published on the dedicated IMF webpage for Ghana. These resources will offer journalists and the public comprehensive information and insights into the decisions made during the meeting.

The upcoming press conference holds significant importance as it serves as a vital platform for stakeholders and the media to gain a thorough understanding of the IMF’s decision regarding Ghana’s Extended Credit Facility Arrangement. The outcomes of the meeting will have far-reaching implications for Ghana’s economic future, and the press conference aims to shed light on the measures and strategies that will be implemented to support Ghana’s economic development and stability.

The press conference will feature notable individuals directly involved in the process, including Stephane Roudet, the IMF Mission Chief for Ghana, Ken Ofori-Atta, Ghana’s Minister of Finance, Ernest Addison, the Governor of the Central Bank of Ghana, and Tatiana Mossot, a Senior Communications Officer at the IMF. Their insights and perspectives will provide valuable context and clarity on the decisions made during the Executive Board meeting.

The IMF’s engagement with Ghana’s Extended Credit Facility Arrangement underscores the organization’s commitment to supporting the country’s economic progress. The press conference, alongside the released documents, will play a crucial role in ensuring transparency and enabling stakeholders and the public to stay informed about the ongoing developments and initiatives aimed at fostering Ghana’s economic growth and stability.


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