Ghana delays Mid-Year Budget Review until end of IMF talks

The 2022 Mid-Year Budget Review, which was supposed to take place this week, has been postponed by Parliament until the International Monetary Fund (IMF) talks are finished.

The delay is being implemented to give the Finance Minister’s team and himself time to work closely with the IMF team.

On July 1, Ghana, the second-largest producer of cocoa and gold in Africa, reversed course from its steadfast stance against requesting assistance from the IMF during an economic crisis.

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The country has since then announced that it will ask the IMF for up to $1.5 billion in help to strengthen its finances.

On July 6, a team from the IMF came in the nation and has since been working with Ghanaian officials on a programme designed to restore macroeconomic stability and protect debt sustainability, among other things.

Source: News Agencies

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