GhPageNewsGhana goes to IMF for balance of payment support

Ghana goes to IMF for balance of payment support

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The President of Ghana, Nana Addo Dankwa Akufo-Addo has authorized the Finance Minister, Ken Ofori-Atta to start off formal engagements with the International Monetary Funds.

In a statement signed by the Information Minister, Kojo Oppong Nkrumah, it says the President has had a conversation with the Managing Director for the IMF to begin the process.

This move seeks to support Ghana’s economy in the wake of the challenges the Covid-19 pandemic has caused.

“The engagement with the IMF 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 Russia-Ukraine crises”, excerpt of the statement read.

Read the full statement below;

Below are some reactions from the social media users;

Stephen Nimo wrote; “eiiiiiii so everywhere this people will push blame on covid-19 and russia-ukraine war. They can’t go an inch without mentioning covid-19 and russia-ukraine war smh. upon all the funds received during the covid-19 pandemic, we couldn’t utilised it properly hmmmmmm”

Don Paguar added; “We are going to the IMF just because of COVID and Ukraine Russia war laaaa. Mahama’s time there was only Alavanyo Nkonya war”.

E.Vans stated; “Covid 19 hasn’t done anything, they should leave Covid-19 alone arrrhba!”.

The farmer commented; “After looting and sharing the country’s resources, they run to IMF for a bailout/economic program”.

Always_on added; “IMF should throw them away so that we can reset out thinking”. mechanism.

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Source:Ghpage

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